Announced
Completed
Financials
Tags
Single Bidder
motorcycle insurance
Majority
Private
Acquisition
United Kingdom
Property and Casualty Insurance
Friendly
Completed
Synopsis
The Ardonagh Group, the UK's largest independent insurance broker, completed the acquisition of Bennetts Motorcycling Services, a motorcycle insurance specialist, from Saga Services, a provider of financial and insurance products, for $34m. "Bennetts holds an well-respected position in the bike insurance sector, making it an ideal addition to the Group. As we gather further momentum into the new decade and continue capitalising on the opportunities that arise from the breadth and depth of our position, we look forward to welcoming another leading brand into the Ardonagh family," David Ross, The Ardonagh Group CEO.
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