Announcements

Ardonagh Advisory fuels specialist expertise with addition of Stanhope Cooper and Renovation Underwriting

04 September, 2023 |Advisory | M&A

Ardonagh Advisory has officially welcomed High Net Worth broker Stanhope Cooper, and MGA Renovation Underwriting to the Group, following an earlier agreement to acquire a majority shareholding in the businesses.

Under the agreement, Ardonagh has acquired a shareholding in N&W Investments, which holds Stanhope Cooper, Renovation Underwriting, and also the businesses, Insurance Tailors and Porterhouse Brokers.

Based in Petersfield, Stanhope Cooper was founded in 2006 and provides expert insurance and risk management advice to HNW private clients and business owners.

In recent years the brokerage has achieved high levels of growth under Managing Director William Cooper, who has bolstered the business through a series of highly selective acquisitions and sustained operational excellence.

William will continue to lead Stanhope Cooper, which will join the Ardonagh Advisory platform, offering opportunities to further enhance Ardonagh’s HNW offering.

Market leading MGA, Renovation Underwriting, has offices in London and Cambridgeshire and provides insurance for private client contract works and high value projects.

The multi-award-winning business, was founded by Managing Director Douglas Brown who has significant experience delivering renovation insurance to private and commercial clients.

Renovation Underwriting will join Ardonagh’s UK Commercial MGA, where Douglas will continue to lead the business, and also take-on a leadership role on the Commercial MGA executive committee, which is led by CEO Jaime Swindle.

The addition of the businesses to Ardonagh Advisory, brings unique specialist capabilities, longstanding relationships and decades’ worth of expertise from the two expert teams.

 

Richard Tuplin, CEO, Advisory Insurance Brokers Ltd said:

“Stanhope Cooper is a high-growth business, with expertise primarily in the HNW arena.

“We are looking forward to harnessing these capabilities to further enhance our client proposition and market position whilst delivering our mutually ambitious growth strategy.”

 

Jaime Swindle, CEO Commercial MGA, Ardonagh Advisory, said:

“Renovation Underwriting is yet another string to our UK Commercial MGA bow that seeks to offer products that are truly specialist in scope.

“Douglas Brown and the team at Renovation Underwriting have decades’ worth of experience delivering highly specialist products to market.

“Douglas’ expertise is a highly prized addition to the UK Commercial MGA and will bring fresh insight as we continue to build and strengthen our distinct proposition.”

 

William Cooper, Managing Director of Stanhope Cooper commented:

“Ardonagh is a business that shares our high ambition and we are already beginning to see how we can collaborate to bring even greater opportunities for both businesses.  

“Joining Ardonagh means that we will have the investment, relationships and access to a wide range of capabilities which will enable our business to reach new heights.

“We’re very excited by the many possibilities ahead and look forward to being part of the Ardonagh team.”

 

Douglas Brown, Managing Director, Renovation Underwriting added:

“At the heart of our business is a dedicated and passionate team who have committed to delivering our market leading proposition for contract works insurance.

“The partnership with Ardonagh enables Renovation Underwriting to expand into new but related areas, allowing meaningful growth to be maintained.

“This is a great next-step for the business and its people; all of whom continue to be part of the journey. We’ll continue to develop our products and services to break new ground in the market.”

 

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, Lorega, 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 ARDONAGH GROUP

The Ardonagh Group is the UK’s largest independent insurance distribution platform and a top 20 broker globally. We are collection of best-in-class entrepreneurial and specialist brands with a network of over 200 locations and a combined workforce of 10,000 people. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. 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. For more information, visit our website: www.ardonagh.com.

 

STANHOPE COOPER

Stanhope Cooper is family-owned insurance brokerage and risk management firm, specialising in providing insurance for high-net-worth private and commercial clients. With a strong heritage in providing bespoke and tailored solutions across a diverse product range, the expert team at Stanhope Cooper prides itself on providing the highest quality service and advice to clients in every market in which they operate.

For more information visit www.stanhopecooper.com

RENOVATION UNDERWRITING

Renovation Underwriting was established in June 2018, as an MGA specialising in the provision of insurance and consultancy services for high value residential and commercial renovation and building projects. It typically works with projects where the value of the works range from £250,000 to £50 million; with values rising to £150 million for combined structures and works. For more information visit www.renovationunderwriting.com

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