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New Deal


Announced

Completed

Ardonagh Group-backed Geo Specialty completed the acquisition of Primary Group-backed Rural Insurance's agricultural insurance business.

Synopsis

Ardonagh Group-backed Geo Specialty, a provider of broking and underwriting services, completed the acquisition of agricultural insurance business of Primary Group-backed Rural Insurance, a provider of a wide range of insurance products and services. Financial terms were not disclosed. “At Rural, we’re excited to be joining Ardonagh’s specialist MGA portfolio alongside many well respected and likeminded brands. We look forward to harnessing the scale and collective power of the UK’s largest independent insurance broking platform to further enhance our commitment to helping UK brokers serve the agricultural market, from the very small to the very large," David Cahoon, Rural Managing Director.

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