Ardonagh Advisory has agreed to acquire chartered insurance broker R.K. Henshall & Co. Limited.
The business, based in Sandbach, Cheshire, employs 35 people and was established in 1976.
R.K. Henshall & Co. Limited specialises in commercial insurance and has a number of high-quality schemes through its Air Underwriting division.
Upon completion, which is subject to regulatory approval, directors John Henshall and Allen Simpson will remain in the business, with John continuing to lead the business, reporting to Stephen Boyd, the Managing Director of Advisory Insurance Brokers in the North.
As part of Ardonagh Advisory, R.K. Henshall & Co. Limited is joining a £1 billion+ GWP UK broker with over 2,600 people across the UK
John Henshall commented: “As a second-generation family business, selling to a bigger firm was a massive decision. It was really important to find a business that understood and supported our culture, and that would ultimately mean a stronger proposition for our clients. In Ardonagh we’re joining forces with a dynamic and growing business, bringing even greater opportunities for our people and clients.”
Richard Tuplin, CEO Advisory Insurance Brokers Ltd, said: “We look forward to welcoming R.K. Henshall’s team to Ardonagh. It builds our presence in the North West and south Cheshire with an outstanding client-centric team with strong ties to their clients and community.”
M&A Director Joe Conway added: “Having known John and Allen for several years it’s a pleasure to see them join Advisory. R.K. Henshall ticked all the boxes for us; a high quality and motivated team, committed leadership and deep trusted relationships with its clients.”
ENDS
Notes to editors
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ARDONAGH ADVISORY
Ardonagh Advisory Broking Holdings Ltd is The Ardonagh Group’s SME broking platform comprised of Bravo Networks, Footman James, Hera Indemnity, Geo Underwriting, Lorega, Towergate, Towergate Health & Protection, Thompson & Bryan and Usay Compare brands.
With legacies which laid the foundations for the creation of The Ardonagh Group, these are advice-led, community-focused businesses with an unrivalled local footprint of experts across a wide range of sectors and specialisms, combined with national and international reach.
THE ARDONAGH GROUP
The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker. We are a collection of best-in-class entrepreneurial and specialist brands with a combined workforce of over 10,000 colleagues and a network spanning 200+ locations in more than 30 countries. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain globally. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs.
R.K. HENSHALL & CO. LIMITED
Based in Sandbach, Cheshire, R.K. Henshall & Co. Limited designs and implements insurance solutions for businesses, their employees and private clients. The business was founded in 1976 by Robert Henshall.
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Ardonagh Advisory to acquire R K Henshall
Ardonagh Advisory has agreed to acquire chartered insurance broker R.K. Henshall & Co. Limited, a Cheshire-based business with 35 people specialising in commercial insurance.