Lark (Group) Limited is pleased to announce the acquisition of Euromarine Insurance Services Limited. Euromarine is a leading specialist marine insurance intermediary and Underwriting Agent for leading UK Insurers offering specialist marine insurance products to private individuals. The business is based in Broadstairs, Kent.
Following the acquisition Lark, which provides insurance broking and employee benefit services to a broad cross-section of corporate and private clients, will have annual revenues of over £28.5 million and employ 350 staff in 8 offices across London, the South East and East Anglia.
Stephen Lark, Managing Director of Lark, said, “We are delighted to add Euromarine to our existing operations. It is a top quality broking business and an ideal fit with our strategic objective to be one of the UK’s leading independent brokers.
All of the Euromarine team will be joining Lark following the acquisition and will continue to service their clients from the office in Broadstairs as before. There is a strong cultural fit as they share our belief that there is considerable opportunity for insurance brokers who provide clients with highly professional advice and excellent service.
The acquisition will considerably strengthen our position in the marine sector. We’ll be working with the Euromarine team to support their growth through organic new business efforts.
Everyone at Lark is very much looking forward to working with them, and welcoming them to the group.”
Renny Gold, Director of Euromarine commented that he is delighted to have found a perfect fit for Euromarine. Both firms share the same values of client service, professional standards and development of staff.