Lloyd’s broker Oxford Insurance Group is now owned by Ardonagh Specialty.
First announced last October, the sale of Oxford has been completed – marking the move of its brands and 125-strong roster to the wider independent broking group. Globally, Ardonagh Specialty is manned by 1,400 people.
The acquired business, the price tag for which was not disclosed, is the name behind Oxford Insurance Brokers, James Hampden International, and MGB Insurance Brokers. It also has underwriting operations outside Britain.
“We warmly welcome our new colleagues and clients across the UK, Switzerland, Liechtenstein, and Dubai,” commented Ardonagh Specialty chief executive Ant Erotocritou.
“We look forward to collaborating across our teams and specialisms to continue delivering customer-centric solutions to clients and using our scale to negotiate on their behalf.”
As highlighted in Ardonagh Specialty’s announcement, Oxford specialises in professional indemnity, general liability, marine, and energy, placing $250 million of gross written premium (GWP). It adds to Ardonagh Specialty’s $7 billion GWP.
Part of The Ardonagh Group, Ardonagh Specialty houses Besso Insurance, Bishopsgate, Compass London Markets, Ed Broking, Inver Re, Piiq Risk Partners, and Price Forbes.
