Ardonagh snaps up Hiscox-backed firm for high net worth sector
UK insurance intermediary Ardonagh has acquired a specialist distribution business in a move to bolster its presence in the mid and high net worth market.
Ardonagh Advisory has bought Hoxton Risk Services, which was founded in 2020 by HNW underwriting specialist Justin Gott.
Hoxton specialises in protection for private clients, including cover for cars, houses, travel and investment properties. The business trades solely with brokers, offering an innovative digital trading platform and is backed by A rated insurer Hiscox.
Hoxton Risk Services is Ardonagh Advisory’s latest investment in its private clients proposition, following the recent addition of specialist HNW broker Stanhope Cooper.
Justin Gott, Hoxton’s managing director, will continue to lead the business, working with Richard Tuplin, CEO, Advisory Insurance Brokers.
Tuplin said: “Hoxton Risk Services offers a neat solution that will bring additional capability to help us meet the needs of mid and high net worth private clients.
“Justin has extensive knowledge and understanding of how to succeed in this sector and the experience he brings will add to, and complement, our private clients senior leadership team and I very much look forward to welcoming him to the business.”
Gott, managing director at Hoxton, added: “With Ardonagh’s backing, Hoxton will be able to access significant growth opportunities that will support us in reaching the next level.
“As businesses we are highly culturally aligned with the mutual goal of providing the very best insurance solutions for mid- and high-net worth customers.
“Our broker partners will be able to access the same great products and services with the same ease as they do already, and in the longer term can look forward to further product and technology developments that will benefit both their clients and their own broking businesses.”
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