The Ardonagh Group (“Ardonagh” or “the Group”), one of the world’s leading independent insurance distribution platforms, has acquired a majority stake in Risk Management Insurance Brokerage Limited (“RMIB”), a Hong Kong-based specialist insurance brokerage with a long-standing reputation for service quality and technical expertise.
Founded in 1996, RMIB has built a highly respected business in Hong Kong, advising clients across Employee Benefits, Property & Casualty, transport-related risks, and niche international programmes. RMIB is widely regarded by insurers and clients for its focus on long-term relationships, attention to detail, and consistently high service standards in a competitive market.
RMIB will join Ardonagh’s existing HK investments, alongside PSC HK, Apex Insurance, Charter Gilman Insurance Brokers, Charter-Union Insurance, and Trans-Pacific Insurance Brokers, further strengthening Ardonagh’s capabilities in employee benefits and specialist risk advisory in the region.
RMIB is led by longstanding Directors Bie Tong and Danny Yao, who will continue to lead the business and work closely with the Group to support collaboration, deepen insurer partnerships, and pursue sustainable growth.
Des O’Connor, Chief Commercial Officer, commented:
“Ardonagh sees real opportunity in Asia and demand continues for local, independent broking services. RMIB represents the type of firm we value partnering with — trusted, technically capable, and highly respected within its market. We are pleased to welcome Bie and Danny and look forward to close collaboration as we continue to enhance our Hong Kong presence and client offering together.”
Bie Tong, Founder and Chief Executive of Risk Management added:
“Over nearly three decades, we have built RMIB by focusing on depth of expertise, consistency of service, and long-term client relationships. Joining ARDONAGH marks an exciting next chapter, and we believe this partnership will allow us to further enhance the solutions and support we provide to our clients.”
Hei Wong, Managing Director of PSC HK Insurance Group, said:
“Bie and Danny are well regarded across the Hong Kong insurance market. Their addition strengthens our platform through experience, capability, and shared values. We see meaningful opportunities to collaborate and grow together as part of the Group.”
ENDS
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NOTES TO EDITORS
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 10,000 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.
As part of the acquisition of Australia’s PSC Insurance Group in October 2024, Ardonagh acquired the PSC Hong Kong portfolio which operates via three divisions: Charter Gilman Insurance Brokers, Charter-Union Insurance and Trans-Pacific Insurance Brokers.
RISK MANAGEMENT
Risk Management Insurance Brokerage Limited is a specialist insurance broker operating since 1996 and a registered member of the Professional Insurance Broker Association, Hong Kong. We are proud to help a wide array of clients, from individuals to multinational corporations, manage their insurance needs.