Ardonagh Advisory, the SME broking unit of The Ardonagh Group (Ardonagh), has introduced the acquisition of Sentinel Insurance coverage Options for an undisclosed sum.
Primarily based in Studying, UK, Sentinel is a business insurance coverage middleman specialising in self-drive rent insurance coverage options.
Managing director Jon Duncan based the corporate in 2008.
In response to the settlement, Sentinel will be a part of Ethos Broking, increasing the scope of its present product providing.
It would additionally collaborate with different platforms throughout the bigger Ardonagh Advisory platform to enhance its capabilities.
Ardonagh Advisory chief business officer Phil Bayles mentioned: “Sentinel is an outstanding enterprise, fuelled by a workforce of specialists that provides a a lot sought-after specialist functionality to Ethos and the broader Ardonagh Advisory enterprise.
“This can be a enterprise that has longstanding and preferential provider agreements with main insurer companions enabling them to take care of a aggressive place available in the market.”
Along with Ethos Broking, Ardonagh Advisory manufacturers embody Bravo Networks, Footman James, Hera Indemnity, Lorega, Towergate, Towergate Well being & Safety, Thompson & Bryan, Compass UK, and Usay Examine.
Duncan mentioned: “The workforce at Ethos Broking is completely aligned in supporting us as we proceed to harness our distinctive specialist providing in order that we will proceed to ship a consumer expertise that basically units us aside.
“This partnership represents an incredible alternative for us to profit from being a part of a much bigger broking group, whereas on the similar time guaranteeing that we preserve all of the qualities that guarantee ours is a definite voice available in the market.”
Final November, Ardonagh acquired Australian insurance coverage firm Envest in a deal valued at A$482m ($320.11m).