The Ardonagh Group (“Ardonagh” or “The Group”), one of the world’s largest independent insurance distribution platforms, today announces the acquisition of Zurich-based broker SRB Assekuranz Broker AG (“SRB”)
Founded in 1980, SRB focuses on corporate customers, primarily in the industrial sector. It has an experienced team offering in-depth knowledge and expertise, including a dedicated risk engineering division.
The SRB management team will continue to lead the business, which employs circa 30 people across offices in Switzerland and Liechtenstein, and manages a premium pool valued at approximately €120 million.
SRB shares a long-standing relationship with and will operate as part of MDS Group, Ardonagh’s platform for Latin America and Rest of World.
It has been a partner of Brokerslink, the global risk management and broking network founded by MDS, since 2007 and SRB CEO Edoardo Leusciatti serves on the Brokerslink board.
Commenting on behalf of Ardonagh, MDS Group CEO José Manuel Fonseca said, “I am delighted to welcome the SRB team to the Ardonagh family. Their experience and knowledge will enhance our long-standing partnership and ability to excel in this strategically important sector. By deepening our collective capabilities and further empowering our teams across our geographical locations, we will elevate our service to clients.”
SRB CEO, Edoardo Leusciatti added, “Joining The Ardonagh Group alongside our longstanding partners MDS will expand our presence in the local market and beyond. It provides significant gains in scale and access to important specialty and technological resources which strengthens our customer proposition. This is an exciting new chapter for us all.”
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