Bowmark-backed Aston Lark, the leading independent insurance broker, has acquired PHM and Incepta Risk Management. PHM is an employee benefits intermediary focused on private medical insurance and group risk benefit packages for corporate clients. Incepta is a Lloyd’s broker offering underwriting and open market broking to direct and wholesale customers. The combined Gross Written Premium for the acquired businesses is around £14 million per year.

Peter Blanc, Aston Lark Group CEO, said: “Employee benefits, and private medical insurance in particular, is a key growth area for Aston Lark. We are delighted to bring on board PHM which shares the Aston Lark passion for customer service. Similarly, the Incepta team will make a great contribution to the Aston Lark family. We are well known for our regional presence, but we see the London market becoming increasingly important to the group and a key element of our future growth strategy.”