Ãå±±ÂÖ¼é

Ardonagh Acquires Zurich-Based SRB Assekuranz Broker

The Ardonagh Group, the London-based independent insurance distribution platform, announced it has acquired the Zurich-based broker SRB Assekuranz Broker AG (SRB).

Founded in 1980, SRB focuses on corporate customers, primarily in the industrial sector. It has an experienced team offering in-depth knowledge and expertise, including a dedicated risk engineering division. As an independent insurance broker, SRB specializes in national and international SMEs and large businesses in the areas of industry, trade and services.

The SRB management team will continue to lead the business, which employs circa 30 people across offices in Switzerland and Liechtenstein, and manages a premium pool valued at approximately €120 million.

Financial details of the transaction were not included.

SRB shares a long-standing relationship with and will operate as part of MDS Group, Ardonagh’s platform for Latin America and Rest of World.

It has been a partner of Brokerslink, the global risk management and broking network founded by MDS, since 2007, and SRB CEO Edoardo Leusciatti serves on the Brokerslink board.

“I am delighted to welcome the SRB team to the Ardonagh family. Their experience and knowledge will enhance our long-standing partnership and ability to excel in this strategically important sector,” commented MDS Group CEO José Manuel Fonseca. “By deepening our collective capabilities and further empowering our teams across our geographical locations, we will elevate our service to clients.”

“Joining The Ardonagh Group alongside our longstanding partners MDS will expand our presence in the local market and beyond,” said SRB’s CEO Leusciatti. “It provides significant gains in scale and access to important specialty and technological resources which strengthens our customer proposition. This is an exciting new chapter for us all.”

About Ardonagh Group and MDS

The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker, with a combined workforce of over 12,000 colleagues and a network spanning 200-plus locations in more than 30 countries.

The MDS Group is an insurance and reinsurance broker, risk consultancy and benefits manager with a presence in over 131 countries through Brokerslink. Part of The Ardonagh Group since 2022, MDS is a market leader in Portugal and Angola, a key player in Brazil, and maintains a direct presence in Mozambique, Spain, Malta, Cyprus, Chile, Mexico, the U.S., Switzerland and Liechtenstein. Through Brokerslink, a global broking firm founded by the group which employs 45,000 insurance professionals, it addresses customers’ needs across multiple geographies and sectors.

***

Optio Completes Acquisition of Scandinavian MGA, S Insurance

Optio Group, the London-based independent specialty MGA, announced it has completed the acquisition of Norway-based MGA S Insurance AS, first announced in March, having received all necessary regulatory approvals.

The transaction is a further strategically significant step for Optio to create a diversified buy-and-build platform through the acquisition of high-quality, niche speciality MGAs across Europe, the company said.

Financial details of the deal were not disclosed.

Headquartered in Bergen and with offices in Oslo, S Insurance specializes in marine hull, underwriting business globally with a strong presence in Europe. Optio Group will support its plans to expand both its product and geographical reach.

The acquisition, Optio’s first in Scandinavia, follows previous purchases of Netherlands and-Brussels based MGA Den Hartigh and Luxembourg-based Circles Group, and its strategic investment in Italian MGA, Heca S.r.l.

Topics Mergers & Acquisitions Agencies Insurance Wholesale