Ardonagh Specialty completes its purchase of Oxford Insurance Group
Further to its announcement in October that it had exchanged contracts, Ardonagh Specialty today announces the completion of its purchase of Oxford Insurance Group.
The addition of Oxford brings $250 million of gross written premium and additional capability in professional indemnity, general liability, marine and energy to the $7 billion premium placed by Ardonagh Specialty.
Ardonagh Specialty CEO Ant Erotocritou said: “We warmly welcome our new colleagues and clients across the UK, Switzerland, Liechtenstein and Dubai. We look forward to collaborating across our teams and specialisms to continue delivering customer-centric solutions to clients and using our scale to negotiate on their behalf.”
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Ardonagh Specialty is the holding company and growth platform for leading independent brokers Besso Insurance, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq Risk Partners and Price Forbes. Combined, we have 1400 colleagues globally and manage $7 billion in gross written premium. With a strong presence and deep relationships worldwide, and a steadfast commitment to investing in the best people, markets and technology, together our businesses offer open market programmes, reinsurance and international solutions designed to empower clients to achieve their strategic ambition
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 150 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. For more information, visit our website: www.ardonagh.com.
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