Price Forbes announced the launch of a digital general aviation facility that will quote and bind risks with a leading Lloyd's syndicate within minutes.
02-05-2018
Ardonagh Specialty has unveiled a cross class follow capacity solution in partnership with Beazley that will exclusively benefit Price Forbes clients across multiple classes.
The arrangement sees the Beazley Smart Tracker follow pre-approved Lloyd’s leaders across placements in cargo, specie, terrorism, financial products, healthcare and marine, with line sizes pre-determined across the portfolio.
The in-scope client portfolio across these lines is around $350 million, representing the first phase of delivery of meaningful dedicated follow capacity through Ardonagh Portfolio Solutions (APS). Ardonagh said it plans to broaden the scope and expand the line size offered in coming months.
Equinox, part of Price Forbes, manages the portfolio solution, which is integrated into internal systems to ensure ease of capacity deployment and constant accessibility.
Ardonagh Specialty reveals capacity deal with Beazley insuranceage.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insuranceage.co.uk Daily Mail and Mail on Sunday newspapers.
Ardonagh Group Forms M&A Unit; Acquires Chicago’s AccuRisk Solutions April 7, 2021
London-based broker the Ardonagh Group has launched Ardonagh Global Partners (AGP), a unit focused on international mergers and acquisitions.
Its first acquisition in the United States, AccuRisk Solutions, follows on the heels of recent purchases in the UK and Australia.
AGP’s strategy is to invest in leading platforms operating in attractive markets and product verticals outside of the UK and Europe and will sit within Ardonagh’s new International platform, said the company in a statement.
Following refinancing in the summer of 2020, Ardonagh said it has committed to invest £155 million ($215 million) in M&A.
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