Ardonagh Advisory, the SME broking platform within The Ardonagh Group, has acquired Poundbury-based insurtech and risk management services provider RiskSTOP Group for an undisclosed sum.
“RiskSTOP is a highly regarded business whose pioneering risk management system protects clients from hazards and harm, including the growing issue of underinsurance,” Ardonagh Advisory chief commercial officer Phil Bayles said in an emailed release.
“This is an accomplished and well-established company run by real experts in this field. We’re looking forward to supporting the team so that they can grow further and deliver even more valuable services to their clients across the market.”
Made up of over 200 employees and consultants, the team at RiskSTOP will remain under the leadership of managing director Danny Lillington while providing risk management surveys and ancillary services to the insurer and broking sectors in the UK.
Lillington noted: “For more than two decades, RiskSTOP has worked with integrity to provide information that ensures people and organisations are safe and secure.
“We’re now looking to see how we can achieve even greater impact and take what we do to the next level. By joining Ardonagh Advisory, we will be able to continue to support our clients with the same great level of service while also working to innovate and develop our offer for the benefit of all.”
RiskSTOP offers products across the entire insurance lifecycle, including software-driven solutions designed to shorten delivery timeframes and reduce costs for underwriters and brokers.
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