Ardonagh Group will acquire Mansutti S.r.l, the commercial lines business of Italian insurance broker Mansutti S.p.A.
According to the company’s announcement, the move follows the recent Ardonagh’ acquisition of Italian broker Mediass, and its acquisition of reinsurance and MGA business Teksure.
The team of 30 professionals at Mansutti S.r.l will continue to serve their clients and contribute to Ardonagh’s expansion across Europe.
Mansutti S.r.l serves more than 8,000 customers across various SME lines, including liability, property, employee benefits, automotive and marine, with a gross written premium totaling €45.5 million.
Conor Brennan, executive chairman of Ardonagh Global Partners, comments: "This strategic acquisition emulates our meticulous approach of identifying and welcoming premium, independent and highly coveted insurance brokers across Europe.
“With the addition of Mansutti, alongside Mediass and Teksure, we are curating a team of top-tier experts and accelerating the diversification of our proposition, distinguishing Ardonagh Italia as the quality broking platform of choice in this mature and complex market.”
Tomaso Mansutti, CEO of Mansutti S.p.A. says: "I am delighted to have found a partner of Ardonagh’s calibre and stature to entrust the legacy of Mansutti. Their reputation and global presence will undoubtedly propel our long-standing business to even greater heights.”
