The Ardonagh Group has introduced that it has agreed to amass Mediass, an impartial Italian insurance coverage dealer.
Based mostly in Pescara, Mediass serves greater than 120,000 prospects, offering insurance coverage dealer companies to public enterprises, SMEs, giant corporates and retail shoppers.
The deal for Mediass offers Ardonagh a bigger presence in Europe and is its first large buy in Italy for the reason that arrival of Ardonagh Italia CEO, Carlo Faina.
Moreover, Mediass shall be acquired by Ardonagh Italia, a part of Ardonagh International Companions, and proceed to be led by Chairman Francesco Pirocchi and CEO Gianluca Graziani, supported by their current administration workforce.
Along with his position in Mediass, Gianluca will be part of the Ardonagh Italia workforce with a minority stake to assist help the continued growth of Ardonagh and distribution of its companies in nation.
Government chairman of Ardonagh International Companions Conor Brennan commented: “The arrival of Mediass is a major step in our European technique, with Italy enjoying a key position given the scale of its insurance coverage market and stage of complexity.
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“Mediass’ spectacular community of distributors creates distinctive potential for important natural development, and we stay up for growing our partnership to assist our new colleagues obtain their ambitions.”
Carlo Faina added: “I’m delighted to welcome Mediass and its prolonged household of franchise brokers to Ardonagh Italia. We’re at their facet to help their development ambitions within the native market, with a transparent and exact goal of constructing our product providing and elevating the client expertise for our shoppers.
“With the excessive experience Gianluca and his workforce carry and the corporate’s huge geographical attain, Mediass shall be a driving power to help us in our mission to turn out to be a significant participant within the Italian insurance coverage market.”
Francesco Pirocchi commented: “As we mirrored on tips on how to proceed our development path, it turned clear we wanted to affix forces with a bunch that shared our values and ambitions. Ardonagh distinguishes itself as an organization totally aligned with our tradition and is famend for its dedication to empowering its companions.”
Gianluca Graziani added: “I’m excited to start this new collaboration that may lengthen our presence within the native market and past. Armed with Ardonagh’s appreciable assets and scale, we be part of them and their worldwide companions to construct international relationships and strengthen our dedication to colleagues and prospects.
“I’m delighted to work carefully with Carlo and his workforce to contribute to Ardonagh Italia’s technique and to nurture our profitable partnership.”
In February 2024, digital e-trading platform Whitespace agreed with Ardonagh Specialty that every one strains of enterprise will now begin their placements from templates on the platform.
As well as, API integration shall be delivered all through 2024.
