Ardonagh has introduced that it has agreed to buy Mansutti, the industrial traces enterprise of Italian insurance coverage dealer Mansutti S.p.A..
The agency has existed for practically a century and generations of the Mansutti household have crafted a fame servicing private clients. It has been most not too long ago led by Tomaso Mansutti.
Mansutti S.r.l providers 8,000 clients throughout SME traces together with Legal responsibility, Property, Worker Advantages, Automotive, and Marine, encompassing €45.5m of Gross Written Premium.
As well as, the Mansutti S.r.l staff of 30 will proceed to service their consumer base and contribute to the accelerated development of the Group’s European footprint, sitting alongside the not too long ago introduced acquisition Mediass, led by Gianluca Graziani, and reinsurance and MGA enterprise, Teksure.
Conor Brennan, Govt Chairman of Ardonagh International Companions, commented: “This strategic acquisition emulates our meticulous strategy of figuring out and welcoming premium, unbiased and extremely coveted insurance coverage brokers throughout Europe, constructing on a technique we have now efficiently executed in Eire, the Netherlands, Switzerland and Greece. With the addition of Mansutti, alongside Mediass and Teksure, we’re curating a staff of top-tier consultants and accelerating the diversification of our proposition, distinguishing Ardonagh Italia as the standard broking platform of alternative on this mature and complicated market.
Carlo Faina, CEO of Ardonagh Italia added: “Ardonagh Italia will faucet right into a wealth of insurance coverage broking excellence by way of the Mansutti staff, and we’re trying ahead to working with this forward-thinking enterprise to unlock additional development of their subsequent chapter with us. This partnership presents immense alternatives to harness Ardonagh’s scale and functionality to create a sturdy ecosystem of various geographical areas and merchandise, reinforcing our dedication to assembly the various wants of companies in Italy.”
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Tomaso Mansutti stated: “I’m delighted to have discovered a accomplice of Ardonagh’s calibre and stature to entrust the legacy of Mansutti. Their fame and world presence will undoubtedly propel our long-standing enterprise to even better heights.”
