Aston Lark, the Chartered insurance broker backed by Goldman Sachs, today announces it has agreed terms to acquire the clients of The Health Insurance Company. This acquisition will further strengthen the Aston Lark Group’s already significant health insurance expertise and represents another step in the continual expansion of its Employee Benefits and Healthcare Insurance business, with further acquisitions planned.
The private healthcare market in the UK looks set to grow rapidly as people realise the NHS has decided to ration all forms of care, in the wake of the pandemic. In particular the rapid diagnosis of potentially life-threatening conditions and Consultant advice face-to-face is one area where insurers have a golden opportunity to offer a much better service than the public sector.
Having advised on health insurance since 1998, Paul Spector formed The Health Insurance Company in 2016. Based in Bournemouth, The Health Insurance Company is a private medical insurance specialist, providing cover for both individuals and small businesses. The brand has achieved recognition as a trusted partner to its clients through first rate client service and health insurance expertise.
Peter Blanc, Aston Lark Group CEO, said: “We’re delighted to welcome The Health Insurance Company to Aston Lark’s Employee Benefits family. Paul’s ethos for customer service fits in perfectly with Aston Lark. We’re growing strongly in the Private Health Insurance market and we continue to seek other like-minded Private Medical Insurance brokers that want to join forces to be able to better service their clients going forward.”
Paul Spector, Founder of The Health Insurance Company, added: “This is an incredible milestone in the history of my company. We pride ourselves on offering our clients first-class professional advice combined with great customer service. Aston Lark have the same ethos and professionalism as The Health Insurance Company and I am excited that clients will now be able to benefit from the huge potential of dealing with this superb company, and their enhanced ability to offer clients some of the best propositions in the marketplace, whilst maintaining the personal service that we have placed so much emphasis on.
“Aston Lark is the perfect partner with the ideal pedigree for our business and we are confident that this next chapter in the life of The Health Insurance Company will be an excellent opportunity for the most important people in our business – our clients.”