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Thursday, February 29, 2024

Strategic Danger Options buys Robus from Ardonagh

Strategic Danger Options buys Robus from Ardonagh | Insurance coverage Enterprise America

Deal “makes nice sense”

Strategic Risk Solutions buys Robus from Ardonagh

Insurance coverage Information

Terry Gangcuangco

The Ardonagh Group, topic to regulatory approval, is promoting captive and insurance coverage administration group Robus to Strategic Danger Options (SRS) for an undisclosed sum.

A part of Ardonagh’s capital options portfolio, Robus operates in Guernsey and Gibraltar. In a launch, SRS stated the acquisition is in step with its objective to change into Europe’s main captive administration agency.

“Robus coming over to SRS makes nice sense as a result of we share a lot in our philosophies that pertain to our shoppers and the business as a complete,” SRS Europe chief government Peter Baby commented.

“I’m thrilled to welcome [Robus executive chair] Steve Quinn and his Robus colleagues to our crew and am assured that this relationship will give us a good stronger platform from which to ship our best-in-class insurance coverage administration companies.”

For Quinn, becoming a member of SRS is “the pure subsequent step” for Robus. He described the US-headquartered purchaser as being famend for its specialist insurance coverage administration options.

He added: “Robus has been on a exceptional journey over the previous few years with Ardonagh, which can stay an vital buying and selling accomplice.

“We’re excited to now work with SRS, a enterprise that shares our similar excessive requirements of service, as we proceed to ship a number of the very best captive administration options accessible in the marketplace.”        

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