Aston Lark Ireland has agreed to acquire Marine & General Insurances, subject to regulatory approval.
This marks the eighth and latest of a series of acquisitions made by the Irish arm.
Dublin-based Marine & General was established in 1972 to provide bespoke solutions to individuals and businesses through a varied offering of general insurance, financial services, and life and pension products. It has remained true to its founding principle of the client being central to every company-made decision.
“Marine & General Insurances DAC has built up an enviable reputation over the years as a broker providing exemplary service and striving to put their clients’ interests at the heart of everything they do,” said Aston Lark Ireland chief executive officer Robert Kennedy. “[T]here is an excellent cultural fit between our businesses, and I’m delighted to welcome them into the Aston Lark family.
“We are keen to continue growing and acquiring like-minded brokers in Ireland as we look to deliver on our ambition to become Ireland’s leading independent insurance broker.”
Director at Marine & General, Colm Tyndall added that he had never entertained changing the successful business model of Marine & General since he joined them in 1982. “However, after chatting with Robert Kennedy, it became very apparent that our shared values and principles, particularly regarding staff and clients, were closely aligned, allowing for a perfect fit for the future growth of our business,” Tyndall said.
Co-director Gavin Kennedy added: “With the ever-changing insurance market in recent years, it became very apparent if I wanted to secure the future for our clients and staff, the opportunity to join Aston Lark could not be missed.
“This will afford us access to markets and expertise we never previously had in our arsenal, giving us an opportunity for future expansion and opportunities for staff and clients alike.”
Aston Lark Ireland previously acquired North County Brokers, O’Loughlin Insurance, McMahon Galvin, Brady Burns & Associates, Principal Insurance Ireland, Abbey Murphy Insurance, and Brassington Insurance.