UK Broker Ardonagh Buys Chicago Underwriter AccuRisk
Law360, London (April 6, 2021, 12:39 PM BST) -- British insurance giant Ardonagh Group said on Tuesday it will buy a U.S. underwriter in a joint venture, as it begins its international expansion.
Ardonagh, which owns Lloyd's broker Price Forbes, said it had partnered with New York-based insurance services Amynta Group on the deal to buy AccuRisk Holdings LLC, which has its headquarters in Chicago.
In a separate move, Ardonagh — which also owns former U.K. high street broking chain Swinton, which has moved operations online — said it has created a specialist division to oversee further international acquisitions.
David Ross, chief executive of Ardonagh, said the deal to buy AccuRisk...
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