Announcements

Ardonagh Advisory acquires The Professional Indemnity Company

02 December, 2022 |Advisory | M&A

Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group (“Advisory”, “the Group”), today announces that it has acquired The Professional Broking Group Limited which trades as The Professional Indemnity Company.

Based in Chester and established in 2005, The Professional Indemnity Company specialises in Professional Indemnity (PI) insurance for all professions, including solicitors, architects, surveyors, engineers and accountancy firms.

The business, which will continue to be led by Managing Director Scott Harrison, has a gross written premium in excess of £20 million.

The Professional Indemnity Company will operate as part of the wider Ardonagh Advisory platform which includes regional PI broker Alice Castle and Lloyd’s PI broker Hera Indemnity, as well as Bravo Networks, Ethos Broking and Towergate Insurance Brokers. 

Rob Worrell, CEO of Ardonagh Advisory commented:

“The Professional Indemnity Company has a well-earned reputation as a market-leading specialist, providing hands-on, customer-focused support to its clients, in addition to exceptionally broad market access.

“We're proud that Scott Harrison and his team will continue to grow the company as part of Ardonagh Advisory, one of the UK's largest set of independent advice-driven businesses.

Scott Harrison, Managing Director of The Professional Indemnity Company said:

“The Ardonagh Group has been on an impressive growth trajectory over the past few years and is a business that we know can support our own ambitions for the future and help us further enhance what is already a client-focused, service driven business.

“Ardonagh offers a whole new level of opportunity and being part of a business of its scale is a great day for both our specialist team of staff and our clients, every one of which remains important to us.”

ENDS

 

 

Notes to Editors

ARDONAGH ADVISORY

Ardonagh Advisory Holdings Ltd is The Ardonagh Group’s SME broking platform comprised of Bravo Networks, Ethos Broking, Footman James, Hera Indemnity, Towergate, Towergate Health & Protection, Thompson & Bryan, Compass UK and Usay Compare brands.

With legacies which laid the foundations for the creation of The Ardonagh Group, these are advice-led, community-focused businesses with an unrivalled local footprint of experts across a wide range of sectors and specialisms, combined with national and international reach.

THE PROFESSIONAL INDEMNITY COMPANY

The Professional Indemnity Company is a specialist, independent broker providing professional indemnity insurance and other professional risks products to businesses throughout the UK.

Established in 2005, its focus has always been on providing market-leading client service and insurer access, delivered by experts that understand the needs of professional businesses and their owners.

 

 

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