The Ardonagh Group (“Ardonagh” or “The Group”), one of the world’s largest independent insurance distribution platforms, today announces the acquisition of 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.
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.
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.
Commenting on behalf of Ardonagh, MDS Group CEO José Manuel Fonseca said, “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. By deepening our collective capabilities and further empowering our teams across our geographical locations, we will elevate our service to clients.”
SRB CEO Edoardo Leusciatti added, “Joining The Ardonagh Group alongside our longstanding partners MDS will expand our presence in the local market and beyond. 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.”
ENDS
Notes to editors
For more information, please contact ardonagh@sodali.com
THE ARDONAGH GROUP
The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker. We are a collection of best-in-class entrepreneurial and specialist brands with a combined workforce of over 12,000 colleagues and a network spanning 200+ locations in more than 30 countries. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain globally. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs.
MDS GROUP
The MDS Group is a leading 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 USA, 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.
SRB
As an independent insurance broker, we specialize in national and international SMEs and large businesses in the areas of industry, trade and services. It is important to us to be able to guarantee a uniform risk policy domestically and abroad. This is possible for us through the worldwide Brokerslink network. Further, we supplement our services with the Risk Engineering Team, which also provides prevention support for our customers in the areas of environment, health and safety. Our attractive fee structure also makes possible a financial added value – so that you can focus on your core competency.www.srb.ch