The latest from Ardonagh as they complete on two recent acqusitions;
Ardonagh Italia, a subsidiary of The Ardonagh Group, today confirms completion of the previously announced acquisitions of Mediass S.p.A. and Mansutti S.r.l. Based in Pescara and founded in 1996, Mediass provides insurance broker services offering General Liability, Motor, and PI insurance solutions via 96 local offices and distribution network of over 550 franchisees. It has an annual Gross Written Premium of €95 million and generated income of €20 million in 2023.
Mansutti S.r.l is the commercial lines broker of Mansutti S.p.A., which was established by the Mansutti family in Milan in 1925. The firm has an annual Gross Written Premium of €45.5 million across Liability, Property, Employee Benefits, Automotive, and Marine. Together the brokers will add 128,000 customers and nearly 60 new colleagues to The Ardonagh Group, cementing Ardonagh Italia as a preeminent provider of independent insurance broking and risk management in Italy.
Chairman Francesco Pirocchi and CEO Gianluca Graziani will continue to lead Mediass. Mansutti S.r.l. will operate as part of Ardonagh Italia alongside Mediass and Teksure S.r.l.
Gianluca Graziani, CEO of Mediass, said “We are delighted to be formally joining forces with the substantial resources and scale of Ardonagh, which we will leverage to foster strong international relationships. We look forward to fostering strong global relationships and reinforcing our commitment to colleagues and customers. Working closely with Carlo and his team, I’m excited to contribute to Ardonagh Italia’s strategic vision and foster our successful partnership.”
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