Ethos Broking buys London-based Chambers and Newman
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Ethos Broking has bought London-based broker Chambers and Newman, creating its 13th regional hub.
The business said the deal will provide a foothold in London for Ethos, as it continues to expand across the UK.
Led by managing director Alan Smith, Chambers and Newman handles in excess of £20m GWP, with a strong commercial lines focus. The broker was established 75 years ago.
According to the statement, the team of 21 will all join Ethos as part of the deal and the broker’s Piccadilly-based
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Ardonagh and Amynta Group announce joint venture to acquire AccuRisk Solutions
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NEW YORK, April 6, 2021 /PRNewswire/ The Ardonagh Group and Amynta Group today announce that they have acquired AccuRisk Holdings LLC, a Chicago-based managing general underwriter specialising in medical stop loss, occupational accident and supplemental health products for small and mid-sized businesses.
Accurisk has grown steadily through organic growth and targeted acquisitions since it was founded in 2017. Its 82 staff operate from offices in Boston, Kansas City, Baltimore, Dallas, Indianapolis, Milwaukee and Phoenix. AccuRisk wrote $137 million of premiums in 2020.
Medical stop loss is bought by employers that self-fund healthcare benefits for their employees. The US medical stop loss market has rapidly expanded from $10 billion in 2010 to $24 billion in 2020, as employers look for alternatives to the fully insured market. AccuRisk has al
AccuRisk Solutions LLC Joins The Ardonagh Group
AccuRisk Solutions LLC ( AccuRisk ) announced today that it has joined the Ardonagh Group and will operate within Ardonagh s Global Partners Segment.
Together with Amynta Group, the Ardonagh Group has acquired a majority share of AccuRisk as part of its international growth strategy to invest in leading platforms in attractive markets and product verticals outside of the UK and Europe.
AccuRisk has increased their marketshare and industry footprint through organic growth and targeted acquisitions since it was founded in 2017. Its 82 person staff operates from offices in Boston, Kansas City, Baltimore, Dallas, Indianapolis, and Phoenix and last year wrote $137m of premiums.
Ardonagh and Amynta Group announce joint venture to acquire AccuRisk Solutions troyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from troyrecord.com Daily Mail and Mail on Sunday newspapers.