Ardonagh Advisory Holdings Ltd, a subsidiary of The Ardonagh Group, has acquired The Professional Broking Group Limited which trades as The Professional Indemnity Company.
The business will operate as part of the wider Ardonagh Advisory platform which includes regional PI broker Alice Castle and Lloyd’s PI broker Hera Indemnity, as well as Bravo Networks, Ethos Broking and Towergate Insurance Brokers.
The Professional Indemnity Company is a specialist, independent broker based in Chester, England, established in 2005. It specialises in Professional Indemnity (PI) insurance for all professions, including solicitors, architects, surveyors, engineers and accountancy firms.
According to the announcement, the broker will continue to be led by Managing Director Scott Harrison. It has a gross written premium in excess of £20 million. Details of the transaction have not been disclosed.
Rob Worrell, CEO of Ardonagh Advisory commented: “The Professional Indemnity Company has a well-earned reputation as a market-leading specialist, providing hands-on, customer-focused support to its clients, in addition to exceptionally broad market access.
“We’re proud that Scott Harrison and his team will continue to grow the company as part of Ardonagh Advisory, one of the UK’s largest set of independent advice-driven businesses.
Scott Harrison, Managing Director of The Professional Indemnity Company said: “The Ardonagh Group has been on an impressive growth trajectory over the past few years and is a business that we know can support our own ambitions for the future and help us further enhance what is already a client-focused, service driven business.
“Ardonagh offers a whole new level of opportunity and being part of a business of its scale is a great day for both our specialist team of staff and our clients, every one of which remains important to us.”