The Ardonagh Group has announced the acquisition of Resilium, the largest independently owned intermediary network in Australia.
Resilium will continue to be led by Managing Director Adrian Kitchin, who will be joined on the board by Paul Lynam in the newly created role of Chairman.
Lynam has 30 years’ experience in the insurance market across broking and underwriting and will oversee the Group’s M&A pipeline in the region as well as working with Kitchin and the management team to leverage opportunities for Ardonagh’s wider portfolio within Australia.
“We’re thrilled to be welcoming Resilium into the Ardonagh portfolio as the centerpiece of our Australian operations and to be empowering this well-respected, high calibre team to enter their next exciting chapter of growth,” said group CEO David Ross.
“The opportunity to accelerate the execution of Resilium’s strategic ambitions via the backing, resources and scale of Ardonagh is clear and compelling, as is the chance to share learnings and leverage expertise from the expansion journeys of the Group’s existing UK intermediary networks.”
Kitchin added, “The strategic backing of Ardonagh will turbo-charge Resilium’s trajectory, giving us access to the capital and resources to explore strategic, complementary acquisitions across the country while also continuing to grow organically.
“With access to the full suite of Ardonagh’s assets including technology, facilities and Lloyd’s market access, the expanded value proposition for our ARs enables us to cement Resilium’s status as the preeminent Australian general insurance AR network of choice.”
