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.
Creation of Ardonagh Global Partners Following acquisition of AccuRisk Solutions LLC
Announces acquisition of AccuRisk Solutions LLC ( AccuRisk ), a US-based medical stop loss Managing General Underwriter (MGU)
Following summer 2020 refinancing, to date Ardonagh has committed to invest £155 million in M&A
LONDON, April 6, 2021 /PRNewswire/ The Ardonagh Group ( Ardonagh or the Group ), a Top 20 Global Broker with gross written premium in excess of $10 billion, today announces the launch of Ardonagh Global Partners ( AGP ) and its first acquisition in the United States.
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. By offering access to Ardonagh s commercial capabilities, management expertise and funding, AGP will become a partner of choice for best in class management teams.
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The deal for Accurisk, a Chicago-based managing general underwriter specialising in medical stop loss, occupational accident and supplemental health products for SMEs, marks the consolidator’s first
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