- Business - Aston Lark announces acquisition of CRS Yachts

By SuperyachtNews

Aston Lark announces acquisition of CRS Yachts

Following the acquisition of MS Amlin’s marine pleasure craft book, Aston Clark announces the acquisition of CRS Yachts…

Less than two months after revealing the acquisition of MS Amlin’s marine pleasure craft book, Aston Clark, the chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Lloyd’s Broker, CRS Yachts. CRS Yachts will maintain its existing brand but will play an active and significant role in the growth strategy of Aston Lark Europe.

“It’s so exciting to have Simon Ballard and the team from CRS Yachts joining forces with Aston Lark Europe and working with our CEO Robert Kennedy,” comments Peter Blanc, Aston Lark Group CEO. “With Euromarine, Haven Knox-Johnston and now CRS Yachts we’re becoming quite the nautical experts! CRS Yachts specialises in the high-end world of superyacht and they place cover for some of the most beautiful craft on the planet.

“It’s an extremely specialised class of business which is facing its own hard market challenges. Simon and the team haven’t missed a beat through COVID and we’re looking forward to an exciting and challenging 2021 together.”

As previously reported, in recent years the superyacht insurance market has seen some changes after a period of excess capacity and under-pricing. We are now seeing some stabilisation in the market with less capacity and recent price rises together with a restriction in available coverage. We are also receiving reports of further consolidation within the industry for both brokers and underwriters which has been driven by the recent changes brought by Brexit and the challenges to a global business and client base.

“We are thrilled to bring CRS Yachts into the Aston Lark group under Robertson Low, albeit temporarily as we are set to rebrand Robertson Low and Wright Insurance Brokers as Aston Lark Europe in April 2021,” says Robert Kennedy, Aston Lark Europe CEO. “CRS Yachts has built a really great business over the last few years with an exciting and dynamic team at its core.”

“We are delighted to be joining the Aston Lark group. In an ever-changing world we believe the strengths of Aston Lark together with their client focussed approach, which matches ours, makes a great collaboration,” adds Simon Ballard, CEO of CRS Yachts. “Together we will be able to service our current and future clients to the highest level. We are all very much looking forward to the future, continuing to grow and offering the superior service levels our many clients have come to expect from us.”

Aston Lark’s acquisition of CRS Yachts is one of a number of interesting consolidative deals that have been completed, or are soon to be completed, within the superyacht insurance sector.

Profile links

CRS Yachts Ltd

Join the discussion

Aston Lark announces acquisition of CRS Yachts


To post comments please Sign in or Register

When commenting please follow our house rules

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.

Related news

Image for Safe Harbor Marinas acquires Rybovich

Safe Harbor Marinas acquires Rybovich

Dallas-based Safe Harbor Marinas continues to add to its growing marina portfolio


Image for What have we learned?

What have we learned?

It is fair to say that 2020 was an absolute nightmare, but out of adversity comes opportunity. Let's not forget the lessons we have learned


Image for AkzoNobel acquires New Nautical Coatings

AkzoNobel acquires New Nautical Coatings

AkzoNobel is due to acquire New Nautical Coatings, owner of the Sea Hawk yacht coatings brand


Image for The Brand New Year

The Brand New Year

Martin Redmayne ruminates on the year soon to end and the exciting opportunities ahead in 2021


Image for 2020 viewed as anomalous for commercial exemption in France

2020 viewed as anomalous for commercial exemption in France

An update for superyachts in France concerned about the French Commercial Exemption's 70 per cent of trips rule


Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on