Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to amass UK chartered insurance coverage dealer R.Okay. Henshall & Co. Ltd.
Monetary particulars of the transaction, which is topic to regulatory approval, weren’t disclosed.
Established in 1976, R.Okay. Henshall & Co. makes a speciality of industrial insurance coverage and has numerous high-quality schemes by way of its Air Underwriting division. With 35 staff, R.Okay. Henshall is predicated in Sandbach, Cheshire.
Upon completion of the deal, administrators John Henshall and Allen Simpson will stay within the enterprise, with Henshall persevering with to steer the enterprise, reporting to Stephen Boyd, the managing director of Advisory Insurance coverage Brokers within the North.
As a part of Ardonagh Advisory, R.Okay. Henshall & Co. Ltd. shall be becoming a member of a £1 billion-plus GWP UK dealer with greater than 2,600 individuals throughout the UK.
“As a second-generation household enterprise, promoting to an even bigger agency was an enormous choice. It was actually essential to discover a enterprise that understood and supported our tradition, and that might in the end imply a stronger proposition for our purchasers,” commented Henshall. “In Ardonagh we’re becoming a member of forces with a dynamic and rising enterprise, bringing even higher alternatives for our individuals and purchasers.”
“We stay up for welcoming R.Okay. Henshall’s workforce to Ardonagh. It builds our presence within the North West and south Cheshire with an impressive client-centric workforce with robust ties to their purchasers and neighborhood,” in keeping with Richard Tuplin, CEO Advisory Insurance coverage Brokers Ltd.
M&A Director Joe Conway added: “Having recognized John and Allen for a number of years it’s a pleasure to see them be a part of Advisory. R.Okay. Henshall ticked all of the containers for us: a top quality and motivated workforce, dedicated management and deep trusted relationships with its purchasers.”
London-based Ardonagh Advisory Broking Holdings consists of Bravo Networks, Footman James, Hera Indemnity, Geo Underwriting, Lorega, Towergate, Towergate Well being & Safety, Thompson & Bryan and Usay Evaluate manufacturers.
Supply: Ardonagh Group
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