Ardonagh Advisory, a part of the Ardonagh Group, has acquired Hoxton Threat Providers for an undisclosed sum.
The deal is predicted to strengthen Ardonagh’s place within the mid and HNW insurance coverage house.
Hoxton, established in 2020 by HNW underwriting skilled Justin Gott, gives specialised insurance coverage for personal purchasers, together with insurance policies for autos, residential properties, journey and funding properties.
Backed by Hiscox, an A-rated insurer, the acquired firm operates with a broker-only enterprise mannequin and provides a digital buying and selling platform.
Gott, Hoxton’s managing director, will retain management of the enterprise, and work alongside Ardonagh Advisory Insurance coverage Brokers CEO Richard Tuplin.
Tuplin stated: “Hoxton Threat Providers provides a neat resolution that may carry extra functionality to assist us meet the wants of mid and high-net value non-public purchasers.
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“Justin has in depth data and understanding of how to achieve this sector and the expertise he brings will add to, and complement, our non-public purchasers senior management crew and I very a lot look ahead to welcoming him to the enterprise.”
Gott added: “With Ardonagh’s backing, Hoxton will have the ability to entry vital progress alternatives that may help us in reaching the subsequent degree. As companies we’re extremely culturally aligned with the mutual purpose of offering the easiest insurance coverage options for mid and high-net value clients.
“Our dealer companions will have the ability to entry the identical nice services with the identical ease as they do already, and in the long run can look ahead to additional product and expertise developments that may profit each their purchasers and their very own broking companies.”
The acquisition is the most recent in a collection of investments by Ardonagh Advisory aimed toward enhancing its non-public shopper choices.
It follows the latest addition of Stanhope Cooper, one other specialist HNW dealer.
Ardonagh Advisory’s portfolio already features a vary of manufacturers comparable to Bravo Networks, Compass UK, Ethos Broking, Footman James, Hera Indemnity, Lorega, Thompson & Bryan, Towergate and Usay Examine.
