Ardonagh Specialty today announces that it has agreed to acquire* Lloyd’s broker Oxford Insurance Group.
Oxford operates across several specialisms including professional indemnity, property, general liability, marine and energy. Its businesses include UK-based Lloyd’s broker Oxford Insurance Brokers, James Hampden International and MGB Insurance Brokers, as well as MGA and Wholesale businesses, Swiss and Liechtenstein UNIS and Dubai-based Antarah. The Group has grown steadily over the last 20 years to place in excess of $250 million of gross written premium each year.
Upon completion its 125 people and brands will become part of $6 billion GWP Ardonagh Specialty, London’s largest independent broking group.
Ardonagh Specialty has grown by over 100% in the last year following the acquisition and integration of Besso Insurance, Ed Broking and Piiq Risk Partners into the platform in November 2021 and 12% organic growth in the first half of the year.
Ardonagh Specialty CEO Antony Erotocritou said: “In Oxford we have found shared values and true alignment on client service and the role of technology and innovation in delivering for them. We look forward to welcoming our new colleagues and supporting them as part of the largest truly independent broking group.”
Randall Goss, Oxford Insurance Group Founder and CEO, said: “I’m incredibly proud of our journey and of all the people who have contributed to this moment. The independent platform Ardonagh has created will give Oxford the scale and even more opportunities to deliver insurance solutions for clients across the globe.”
* Subject to regulatory approval
ENDS
Notes to editors
For all media enquiries please contact communications@ardonagh.com
Ardonagh Specialty
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 $6 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.
Oxford Insurance Group
Oxford Insurance Group is the holding company for Oxford Insurance Brokers, UNIS and Antarah. Oxford Insurance Brokers operate under multiple brands including Oxford, James Hampden and MGB.
Latest announcements
Bendigo Insurance Brokers Pty Ltd joins forces with Envest
Bendigo Insurance Brokers Pty Ltd, a trusted name in the Bendigo community for over 35 Years, is pleased to announce a new partnership with The Envest Group. Envest, has acquired a majority stake in the business and adds Bendigo Insurance Brokers to its growing network of Aviso Group brokers.
MDS announces its first acquisition of a broker in Spain
The MDS Group (“MDS”), part of The Ardonagh Group, has announced it has agreed to acquire insurance broker Cobian Insurance Brokers (“Cobian”). Founded in 2018, and headquartered in Madrid, Cobian has a focus on commercial insurance, particularly in industrial risks, energy, construction and financial lines. Pablo Cobián, CEO of Cobian Insurance Brokers will continue to be part of the management team, driving growth in the Spanish market.