Aston Lark, the UK-based licensed insurance broker backed by Goldman Sachs, has purchased Deanspoint Insurance Brokers.
he acquisition of Deanspoint, which operates as Abbey Murphy Insurance, is Aston Lark’s seventh purchase so far this year in Ireland.
Founded in 1983 and headquartered in Longford and Mullingar, Abbey Murphy Insurance provides both personal insurance and business brokerage services.
Financial details of the deal were not made public.
Mike Winters, Managing Director of Abbey Murphy Insurance, said: “The world of insurance is constantly changing, and to that end we had to decide our next step so that we can continue to provide our customers with service. of the highest quality possible. . “
“There were a variety of opportunities, but none were perfect until we met Robert Kennedy from Aston Lark. “
Mr. Winters added that the firm looks forward to “our clients and staff to reap the benefits of being part of a much bigger company”.
Abbey Murphy Insurance, which is led by the management team of Mr. Winters, Celine Gill and Michael Gardiner, employs 17 people. Management will remain with the company after the transaction.
Robert Kennedy, CEO of Aston Lark Ireland, said: “There are many synergies in the cultures of Abbey Murphy Insurance and Aston Lark Ireland.
“They have built a fantastic business based on customer first principles, providing high level customer service and a focus on building lasting relationships which aligns with our values.”
Last month, Aston Lark bought brokers Brassington Insurance.
Brassington, a subsidiary of the ARB Group, is one of Ireland’s oldest insurance brokerage firms, founded by Arthur Rochelle-Brassington over 90 years ago.
The company provides personal travel insurance through its online travel trading platform, as well as a range of business insurance services.
In addition, its wholesale division specializes in providing professional indemnity solutions to insurance brokers.
Aston Lark currently employs 1,500 people in Ireland and the UK.
The company plans to make further acquisitions in Ireland this year.