Ardonagh picks up 200-strong risk-management & insurance services firm

Global insurance brokerage group Ardonagh has bought up an insurance technology and risk management services provider in the UK. 

Ardonagh's SME broking platform unit Ardonagh Advisory Holdings will pick up RiskSTOP Group, billed as a provider of risk management surveys and ancillary services to the UK insurer and broking communities. 

The target was founded in 2000 and is run by a team of more than 200 employees and consultants who are said to deliver products across the entire insurance lifecycle, including systems supporting the transition to remote work efficiencies. 

Phil Bayles, the chief commercial officer at Ardonagh Advisory, said: “RiskSTOP is a highly regarded business whose pioneering risk management system protects clients from hazards and harm, including the growing issue of underinsurance.” 

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