Aston Lark acquires Protean Risk

Aston Lark, a Chartered insurance broker backed by Goldman Sachs, is to acquire Lloyd’s broker Protean Risk.

Protean Risk is a specialist Lloyd’s insurance broker focusing on the investment industry, financial services, fintech and technology sectors with clients ranging from start-ups to international organisations.

Protean is the first acquisition that has completed for Aston Lark after the Goldman Sachs investment. Peter Blanc, chief executive of Aston Lark, said “I couldn’t be prouder to have concluded this transaction with Protean Risk. From my first meeting with Nathan Sewell and Jason Edwards, it was clear that the whole team at Protean share the Aston Lark passion for customer service. Protean are a truly specialised business and, by joining forces with Aston Lark, we now have a top quality Financial Institutions team.”

Nathan Sewell, chief executive of Protean Risk, added: “We are delighted to be working with Peter and the team at Aston Lark. From the beginning it was clear that we share the same values in terms of how we work with our clients, the market and our colleagues. The Protean journey has been an exciting one and we look forward to continuing the successful development of the business within the Aston Lark group.”

In July 2018, two of the UK’s biggest independent insurance brokers, Aston Scott Group and Lark Group, merged to form Aston Lark. The combined expertise spans all commercial sectors, schemes, and a wide range of specialisms. In September 2019, Goldman Sachs were announced as the new majority owners, securing Aston Lark’s independence for the foreseeable future and enabling the company to continue acquiring like-minded brokers and employment benefits advisors.

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