Ardonagh Advisory has announced its agreement to acquire Rowett Insurance Broking Limited, strengthening its presence in the Southwest of England and expanding its agricultural insurance capabilities.
A news release noted the acquisition brings together Rowett’s established commercial and personal insurance operations in St Austell and Plymouth, along with its specialist agricultural insurance subsidiary, AGRi Insurance Facilities Ltd, which operates from Darlington and St Austell. The deal also sees AGRi Facilities joining the Geo Underwriting family.
Under the terms of the agreement, founder and managing director Glyn Rowett will continue to lead the business, supported by directors Matthew Nile and Gareth Rowett, ensuring continuity for clients and staff.
“After several discussions across the market, Ardonagh Advisory emerged as the best fit for our business,” said Glyn Rowett. “Through our membership of Bravo Networks, we have long benefited from their strong operational support and access to markets. It’s exciting to know our people and clients will now have the full advantage of Ardonagh’s breadth and scale – aligned by a shared focus on achieving the best insurance and risk management advice for our clients.”
Richard Tuplin (pictured), CEO of Advisory Insurance Brokers Ltd, highlighted the strategic importance of the acquisition. “Rowett Insurance is highly complementary to our agricultural specialism and bolsters our presence in the southwest of England. Rowett’s longstanding connections with farming communities are a testament to the high calibre people who we look forward to welcoming,” he said.
Jaime Swindle, CEO of Geo Underwriting, commented: “We are delighted to welcome AGRi Facilities to the Geo Underwriting family. Their strong client relationships align perfectly with our commitment to delivering tailored solutions across the UK, and their experience will further enhance our deep expertise in farming and agricultural insurance. Together, we will continue to build on their solid foundation, ensuring the best possible outcomes for our clients and partners.”
Ardonagh Advisory Broking Holdings Ltd operates as The Ardonagh Group’s SME broking platform.
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