Ardonagh Advisory has acquired specialist distribution business, Hoxton Risk Services Ltd, in a move that will reportedly “bolster Ardonagh’s presence in the mid and high net worth market.”
Hoxton Risk Services is Ardonagh Advisory’s latest investment in its private clients proposition, having recently acquired specialist high net worth (HNW) broker, Stanhope Cooper.
Founded in 2020 by HNW underwriting specialist Justin Gott, Hoxton Risk Services specialises in protection for private clients, including cover for cars, houses, travel and investment properties.
The business trades solely with brokers, offers an innovative digital trading platform and is backed by A-rated insurer, Hiscox.
As per Ardonagh, Justin Gott, Hoxton’s Managing Director, will continue to lead the business, working with Richard Tuplin, CEO, Advisory Insurance Brokers Limited.
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 client’s senior leadership team, and I very much look forward to welcoming him to the business.”
Gott commented, “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.”
