Ardonagh Group’s small and medium-sized enterprise (SME) broking platform, Ardonagh Advisory, has acquired UK-based RiskSTOP Group.
RiskSTOP Group specialises in offering insurance coverage expertise in addition to danger administration surveys and ancillary companies to its shoppers, which primarily embody the UK insurer and broking communities.
Based in 2000, RiskSTOP has a staff of greater than 200 workers and consultants.
The businesses didn’t disclose the monetary particulars and different phrases of the transaction.
Following this deal, RiskSTOP Group managing director Danny Lillington and his administration staff will proceed to guide the enterprise.
The acquisition is anticipated to spice up Ardonagh Advisory’s technological capabilities.
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Ardonagh Advisory chief business officer Phil Bayles stated: “RiskSTOP is a extremely regarded enterprise whose pioneering danger administration system protects shoppers from hazards and hurt, together with [the] rising situation of underinsurance.
“That is an completed and well-established firm run by actual consultants on this area. We’re trying ahead to supporting [the] staff in order that they will develop additional and ship much more invaluable companies to their shoppers throughout the market.”
By becoming a member of Ardonagh Advisory, RiskSTOP stated it can grow to be part of a wider community of specialist manufacturers working throughout greater than 200 areas, with a mixed staff of 10,000 workers.
Ardonagh Advisory’s portfolio at present consists of manufacturers corresponding to Bravo Networks, Footman James, Hera Indemnity, Lorega, Thompson & Bryan, Towergate, Towergate Well being & Safety and Usay Evaluate.
RiskSTOP Group managing director Danny Lillington added: “We are actually trying to see how we will obtain even larger impression and take what we do to [the] subsequent stage.
“By becoming a member of Ardonagh Advisory we will proceed to assist our shoppers with [the] similar nice stage of service, whereas additionally working to innovate and develop our provide for [the] good thing about all.”
In July this 12 months, Ardonagh Advisory acquired unbiased insurance coverage dealer AMS Insurance coverage Options to broaden its presence within the south-west of England.
