Announced
Completed
Synopsis
The Ardonagh Group, an independent insurance distribution platform, completed the acquisition of commercial lines business from Mansutti, an independent Italian insurance broker. Financial terms were not disclosed. "This strategic acquisition emulates our meticulous approach of identifying and welcoming premium, independent and highly coveted insurance brokers across Europe, building on a strategy we have successfully executed in Ireland, the Netherlands, Switzerland and Greece. With the addition of Mansutti, alongside Mediass and Teksure, we are curating a team of top-tier experts and accelerating the diversification of our proposition, distinguishing Ardonagh Italia as the quality broking platform of choice in this mature and complex market," Conor Brennan, The Ardonagh Group Executive Chairman.
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