Ardonagh Advisory has acquired insurance technology and risk management services company RiskSTOP.
Based Poundbury, Dorchester, RiskSTOP was founded in 2000, and provides risk management surveys and ancillary services to the UK insurer and broking communities.
Ardonagh explained that RiskSTOP will continue to be led by its current Managing Director, Danny Lillington, alongside his management team.
The firm also noted that the addition of RiskSTOP will further complement its existing digital technological capabilities.
Phil Bayles, Chief Commercial Officer, Ardonagh Advisory, commented, “RiskSTOP is a highly regarded business whose pioneering risk management system protects clients from hazards and harm, including the growing issue of underinsurance.
“This is an accomplished and well-established company run by real experts in this field. We’re looking forward to supporting the team so that they can grow further and deliver even more valuable services to their clients across the market.”
Danny Lillington, RiskSTOP Group Managing Director said, “For more than two decades, RiskSTOP has worked with integrity to provide information that ensures people and organisations are safe and secure.
“We’re now looking to see how we can achieve even greater impact and take what we do to the next level.
“By joining Ardonagh Advisory we will be able to continue to support our clients with the same great level of service, while also working to innovate and develop our offer for the benefit of all.”
In related news, back in September, Ardonagh Advisory officially welcomed high net worth broker Stanhope Cooper and MGA Renovation Underwriting into its Group, following a prior agreement to acquire a majority shareholding in these businesses.
