Announcements
Ardonagh completes acquisition of PSC Insurance Group
The Ardonagh Group (“Ardonagh” or “the Group”), a leading multi-national independent insurance broking platform, confirms it has completed the acquisition of PSC Insurance Group Limited (“PSC”). The completion of the transformational acquisition in the APAC region sees PSC’s operations in Australia and New Zealand now combined with The Envest Group, Ardonagh’s platform in the region, led by CEO Greg Mullins.
Benefiz joins Towergate Health & Protection
Towergate Health & Protection is to broaden its employee benefits business with the acquisition of Benefiz Limited. Benefiz is an award-winning firm first established to help smaller employers offer benefits to employees that are normally only available to larger firms. Its team review, design, source and implement a wide range of benefits managed online via one of their flex platforms.
PSC Insurance Group scheme becomes legally effective
Further to the announcements on 8 May 2024 and 26 September 2024, The Ardonagh Group confirms that PSC Insurance Group Limited (“PSC”) has lodged a copy of the orders made by the Federal Court of Australia approving the scheme with the Australian Securities and Investments Commission.
Ardonagh’s landmark A$2.3 billion acquisition receives approval from PSC shareholders
The Ardonagh Group is pleased to announce PSC Insurance Group Limited (“PSC”) shareholders have voted in favour of its proposed acquisition by Ardonagh. Combining the best of PSC and Ardonagh will strengthen the Group’s global position in the retail, specialty and wholesale broking markets to deliver greater scale and efficiency benefits to clients, insurers, brokers and agencies.
Update on PSC Insurance Group Limited
The Ardonagh Group notes that PSC Insurance has released the Scheme Booklet on the Australian Securities Exchange (ASX), following registration of the Scheme Booklet with the Australian Securities and Investments Commission (ASIC). The Scheme Booklet will be sent to PSC Insurance shareholders who are scheduled to vote on the proposed Scheme of Arrangement on 26 September 2024.
Ardonagh Advisory to acquire R K Henshall
Ardonagh Advisory has agreed to acquire chartered insurance broker R.K. Henshall & Co. Limited, a Cheshire-based business with 35 people specialising in commercial insurance.