SRB Joins the Ardonagh Group in Strategic Acquisition
Deal News | Apr 24, 2025 | Re-Insurance News
The Ardonagh Group, a notable independent insurance distribution platform, has acquired Zurich-based broker SRB Assekuranz Broker AG (SRB). SRB, which has a client base primarily in the industrial sector, will integrate into Ardonagh's MDS Group, enhancing its global platform. SRB has been a partner of Brokerslink since 2007, with its CEO, Edoardo Leusciatti, on the board. Post-acquisition, SRB's management will continue leading the company, which employs 30 professionals and manages a premium pool of approximately 120 million. MDS Group CEO, Jos Manuel Fonseca, expressed enthusiasm about the deal, highlighting the strategic benefits and expanded capabilities for client service. SRB CEO Leusciatti echoed the sentiment, noting the acquisition's contributions to growth in both local and international markets, access to specialty resources, and enhanced technological capacity.
Sectors
- Insurance
- Financial Services
Geography
- Switzerland – SRB Assekuranz Broker AG is based in Zurich, Switzerland, making it central to the article.
- United Kingdom – The Ardonagh Group, the acquiring company, is a major UK-based insurance distribution platform.
Industry
- Insurance – The article discusses the acquisition of an insurance broker, SRB Assekuranz Broker AG, by The Ardonagh Group, making the insurance brokerage industry highly relevant.
- Financial Services – The acquisition involves financial services industry players, focused on expanding distribution and management capabilities within financial service sectors.
Financials
- 120 million – The value of the premium pool managed by SRB.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Ardonagh Group | Acquirer | Company | A leading UK-based independent insurance distribution platform. |
| SRB Assekuranz Broker AG | Target Company | Company | A Zurich-based broker focusing on corporate customers in the industrial sector. |
| MDS Group | Division of Acquirer | Company | Part of The Ardonagh Group, it is integrated into the Latin America and Rest of World operations. |
| Edoardo Leusciatti | CEO of SRB | Person | CEO of SRB and board member of Brokerslink. |
| Jos Manuel Fonseca | CEO of MDS Group | Person | CEO of MDS Group, which is part of The Ardonagh Group. |
| Brokerslink | Global Risk Management and Broking Network Partner | Company | A global risk management network and broker partner with SRB. |