Deal “makes nice sense”
The Ardonagh Group, topic to regulatory approval, is promoting captive and insurance coverage administration group Robus to Strategic Danger Options (SRS) for an undisclosed sum.
A part of Ardonagh’s capital options portfolio, Robus operates in Guernsey and Gibraltar. In a launch, SRS stated the acquisition is in keeping with its objective to turn into Europe’s main captive administration agency.
“Robus coming over to SRS makes nice sense as a result of we share a lot in our philosophies that pertain to our shoppers and the business as an entire,” SRS Europe chief govt Peter Youngster commented.
“I’m thrilled to welcome [Robus executive chair] Steve Quinn and his Robus colleagues to our workforce and am assured that this relationship will give us an excellent stronger platform from which to ship our best-in-class insurance coverage administration companies.”
For Quinn, becoming a member of SRS is “the pure subsequent step” for Robus. He described the US-headquartered purchaser as being famend for its specialist insurance coverage administration options.
He added: “Robus has been on a exceptional journey over the previous few years with Ardonagh, which can stay an vital buying and selling companion.
“We’re excited to now work with SRS, a enterprise that shares our identical excessive requirements of service, as we proceed to ship a number of the very best captive administration options out there in the marketplace.”
What do you concentrate on this story? Share your ideas within the feedback beneath.
Associated Tales
Sustain with the most recent information and occasions
Be a part of our mailing checklist, it’s free!
