Lark hires bankers to explore sale

Hiscox-backed broker Lark Insurance has appointed Fenchurch
Advisory to explore a sale of the company, The
Insurance Insider has learned.
It is understood investor memoranda have been sent out for the
intermediary, which is said to carry a price tag of
£60mn-£70mn ($73mn-$85mn).
Lark is 25 percent owned by Hiscox, with the remainder owned by
management after a buyout from previous owner Groupama in 2012.
The broker is known for its private client business, but also
provides commercia