Ardonagh to acquire PSC Insurance for $1.51bn.

Ardonagh, an independent insurance broking platform, agreed to acquire PSC Insurance, an Australian-based diversified insurance services company, for $1.51bn. “Today marks an important day in PSC’s history. This transaction recognises the quality and strength of PSC’s people and business that has developed over the last 18 years. We believe this transaction maximises value for PSC shareholders while also providing an excellent platform for growth for PSC employees and clients,” Paul Dwyer, PSC Chairman.