Aston Lark acquires Dover-based broker

Aston Lark has announced the acquisition of Pharos Insurance Brokers.

Dover-based Pharos is Aston Lark’s third acquisition this year and the second since the formal merger of Aston Scott and Lark completed in July.

The group acquired Ingram, Hawkins and Nock in March, and Michael James Insurance in July.

Pharos is a personal and commercial broker with 18 staff, serving 5,000 clients in the south east and placing £8m in premium each year.

Formed in 1958, in excess of 70% of its income is generated through commercial clients.

The existing directors, Steve Turner, Stephen Corner and Stephen Kempe will all remain with the business.

Niches

Peter Blanc, group chief executive of Aston Lark, said: “We are delighted to welcome the whole team from Pharos into the Aston Lark family.

“We see a number of great opportunities to support the growth of Pharos in some of their existing niches, as well as supporting their plans to develop further in the local region.

“I look forward to working with all of the Pharos team.”

And Turner, managing director of Pharos, said the firm is delighted to be becoming part of Aston Lark.

He said: “We very much look forward to our clients and staff enjoying the benefits of Pharos being part of a much larger company that shares the core values that have become part of our DNA over the last 60 years. 

“We welcome the opportunity to build on our long-standing presence on the Kent coast and to continue the expansion of the range of products and services available to our clients, while pressing ahead with the professional development of our staff.”