Ardonagh forges Dutch powerhouse as it completes Classicus acquisition

The Ardonagh Group has completed its acquisition of high-net-worth broker Classicus, as it builds on its specialist capabilities and platform for growth in The Netherlands and across Europe.

Headquartered in Amsterdam, Classicus provides a range of specialist high net worth products for classic and luxury cars, yachts, art collections together with other specialist high-net-worth products. Its businesses also include wholesale broker, Classicus Europe and London-based Classicus Ltd, which comprises the firm’s non-EU wholesale business.

Classicus will operate within Ardonagh Europe, part of Ardonagh’s International platform, complementing its existing Dutch business, global brokerage Léons, one of the leading ultra-high-net -worth brokers in The Netherlands, leading to an even closer collaboration between both companies.

Together with Ardonagh’s recent acquisition of Klap Verzekeringsmakelaar, an independent, specialist commercial and personal lines broker based in Amsterdam, Ardonagh is building a comprehensive portfolio of businesses that offer a suite of complementary solutions to their Dutch customers.

Conor Brennan, CEO Ardonagh Europe said:

“Classicus is a real specialist and leader in the high-net-worth insurance market with a wealth of experience within the team.

“We’re excited about the potential to support their growth with both commercial and consumer clients, by extending their product distribution even more widely across the market.

“The synergies between our Dutch entities will trigger a dynamic force, trading from high-net-worth to corporate and SME, as we continue to build our local powerhouse with the best talent and services available.

Sunny Leons, CEO of the Léons Group said:

“After years as a valued Brokerslink network affiliate, we are pleased to welcome Classicus as part of The Ardonagh Group and look forward to working with them to harness their unique worth as we continue to grow our local and European offering.”

Bart-Jan Kastrop, founder and Managing Director of Classicus said:

“We remain committed to our existing customers as we enhance our business proposition and are excited to join forces with Léons and the wider Ardonagh Group as we develop our bespoke and niche concept across new territories and partners.”

ENDS

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Notes to Editors

THE ARDONAGH GROUP

The Ardonagh Group is one of the world’s leading independent insurance distribution platforms. We are a collection of best-in-class entrepreneurial and specialist brands with a network of more than 200 locations and a combined workforce of more than 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.

Ardonagh Europe is part of Ardonagh’s International platform which is a platform for growth in the region and rest of the world. It includes Arachas, the Republic of Ireland’s largest commercial insurance broker delivering exclusive insurance solutions through a multi-channel distribution strategy, MDS Group, a specialised international insurance broker, headquartered in Portugal, Envest, an insurance investment and distribution business with a diverse portfolio of brands and Australian footprint, AccuRisk Solutions, a US-based MGA focused on medical stop loss products, and HWF Partners, a fast-growing specialist M&A insurance broker operating out of the UK and Germany.

www.ardonagh.com

CLASSICUS

Classicus Private Insurance, established in 2004, is a high-net-worth broker, both retail and wholesale, with offices in The Netherlands and the UK. For their European and international clients they provide tailored insurance solutions. They cover the financial risks associated with the possession of high-end homes, classic and luxury cars, yachts, jewellery and Fine art collections both commercially and privately owned together with other specialist high net worth products.

Classicus also provides insurance solutions to art dealer, galleries, museums and classic car dealers. The majority of their clients are based in the EU and the UK.

In addition to tailored insurance solutions, clients can count on excellent service and efficient, fast claims handling. No unnecessary exclusions, incomplete coverage, or restrictive conditions: in short, a hassle-free peace of mind approach is what makes Classicus unique.

www.classicus.nl

THE LĖONS GROUP

Léons, founded in 1951, is one of the leading brokers in The Netherlands in placing complex risk using domestic co-insurance market and global offerings by using other (international) markets like Lloyds.

Clients include financial institutions, real estate funds, hospitals, large trading companies, entertainment, and retail companies. Leons advises all sectors of business, operating domestically and internationally.

Since day one, Léons have followed a referral-only policy for new clients, placing our focus on our clients at the core of our DNA.