Announcements

Ardonagh Advisory acquires RiskSTOP Group

11 December, 2023 |Advisory | M&A

Ardonagh Advisory has acquired RiskSTOP Group, a pioneering provider of insurance technology and risk management services.

Based Poundbury, Dorchester, RiskSTOP provides risk management surveys and ancillary services to the UK insurer and broking communities.

The business was founded in 2000 and is run by a team of more than 200 employees and consultants who deliver products across the entire insurance lifecycle.

This has included work to support the transition to remote working through software driven solutions that shorten delivery timeframes and reduce the costs for brokers and underwriters.

The business will continue to be led by Managing Director, Danny Lillington alongside his management team. The addition of RiskSTOP will further complement Ardonagh’s existing digital technological capabilities.

 

Phil Bayles, Chief Commercial Officer, Ardonagh Advisory said:

“RiskSTOP is a highly regarded business whose pioneering risk management system protects clients from hazards and harm, including the growing issue of underinsurance.

“This is an accomplished and well-established company run by real experts in this field. We’re looking forward to supporting the team so that they can grow further and deliver even more valuable services to their clients across the market.”

Danny Lillington, RiskSTOP Group Managing Director commented:

“For more than two decades, RiskSTOP has worked with integrity to provide information that ensures people and organisations are safe and secure.

“We’re now looking to see how we can achieve even greater impact and take what we do to the next level. By joining Ardonagh Advisory we will be able to continue to support our clients with the same great level of service, while also working to innovate and develop our offer for the benefit of all.”


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ENDS

Notes to Editors

 

ARDONAGH ADVISORY

Ardonagh Advisory Holdings Ltd is The Ardonagh Group’s SME broking platform comprised of Bravo Networks, Footman James, Hera Indemnity, Lorega, Towergate, Towergate Health & Protection, Thompson & Bryan 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 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. Visit www.Ardonagh.com

RiskSTOP Group

Through their work with the insurance industry, RiskSTOP Group and its brands, including RebuildCostASSESSMENT.com, help more than 70,000 people and businesses every year to stay safe and secure. Passionate about social responsibility and sustainability, we take an augmented approach to risk, with people and technology working well together to create better outcomes. Visit our website: www.riskstop.co.uk

 

 

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