It has been announced that Wright Insurance Brokers has been acquired by Aston Lark; one of the top 5 independent chartered Insurance brokerages in the UK and backed by Goldman Sachs.
Wright Insurance Brokers was founded by insurance investors Tony and Breda Wright. With interests in the Insurance Broking and Underwriting Agency business, the Wright Group employs over 150 people across its headquarters in Wexford and a second office in Carlow.
Wright Insurance Brokers are specialists in the Commercial and Transport sectors across the South East and nationally and have a solid reputation for delivering a highly personalised service. This allows the company to produce tailor-made insurance packages, designed to meet individual client needs. With this customer service-based approach, their goal is to ensure customers become life-long clients. Tony and Breda Wright take an equity investment in Aston Lark holdings and will remain on the board of Wright Insurance Brokers.
Wright Insurance Brokers is the second acquisition that Aston Lark has completed in Ireland, following the acquisition of Robertson Low in January. Peter Blanc, CEO Aston Lark, said
“We’ve been hugely impressed by the business that Tony and Breda Wright have built. Providing a personal and high-quality service to clients runs through the heart of the business, making it a perfect fit to join the growing Aston Lark family. We are keen to continue growing and acquiring like-minded brokers in Ireland where we see huge opportunities. Our increased scale will help us provide the full range of insurance and risk management solutions to companies and individuals seeking really high-quality personal service – which we believe will set us apart from the competition.”
Tony Wright, CEO Wright Insurance Brokers, added
“Having followed an acquisition model ourselves for the last few years, we believe the Aston Lark strategy is directly aligned with the goals we set out to achieve. The continuation of a highly personalised service company within a scaled, influential group provides real benefits to our customers and staff. This, combined with the recent investment provided by Goldman Sachs and the quality and manner of the recent acquisitions, makes Aston Lark a very attractive platform to continue with the growth of the business.”
The wholesale division of the group, Patrona Underwriting will continue under the current ownership and management of Tony and Breda Wright and their management team. Patrona Underwriting will continue as a trusted supplier of products and services to the Aston Lark group.