Ardonagh acquires Dutch commercial lines broker
The Ardonagh Group has agreed to acquire Klap Verzekeringsmakelaar, a specialist commercial lines insurance broker based in The Netherlands, from family office, Nedvest.
Under the leadership of Jorg Roodbeen, Klap CEO, and with support from Tim Kreté, partner at Nedvest, Klap has achieved high levels of growth in recent years, cementing its position as a fast-growing player in the Dutch insurance market.
Founded in 1854 and based in Amsterdam, Klap advises SME companies on employee benefits, insurance, and pensions, distributing over €100m of GWP annually.
Klap will be acquired by Ardonagh Europe, through its subsidiary Ardonagh Netherlands BidCo, funded from Ardonagh’s available funds. Klap’s management team will remain with the business.
Ardonagh Europe, led by CEO, Conor Brennan, first entered the Dutch market in 2022 through a deal with the Léons Group.
Brennan said: “This is a hugely complementary acquisition, aligning neatly with our Group’s footprint both internationally and in the European market. Alongside the vast expertise of Léons, Klap further diversifies our portfolio and our customer base in The Netherlands, creating a strong platform to accelerate our growth ambitions in the region.
“Jorg leads a highly experienced management team with deep expertise in the market. We look forward to rallying the scale and experience of the wider Ardonagh Group
behind them as they continue their growth journey.”
Roodbeen added: “Today’s announcement marks the start of a new and exciting chapter for us all. In Ardonagh we have found a strategic partner supportive of our ambitions. Our clients and colleagues will benefit from this.
“I am delighted that two insurance brokers with a long history have found each other with the support of a strong international shareholder. The combination of Klap and Léons results in a unique collaboration. In recent years, we have been on a great journey to place ourselves on the map as a leading adviser for SMEs.
“I look forward to joining forces with the team at Ardonagh Europe, to execute our shared plan of growth through professionalism, high-quality service, and innovation. We will continue to leverage our experience and connections as we embark on this exciting new journey together.”
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