Ardonagh Specialty, the holding company and growth platform for The Ardonagh Group’s portfolio of specialist reinsurance and wholesale broking brands, has announced it has agreed to acquire Lloyd’s broker Oxford Insurance Group.
Upon completion, Oxford’s brands and 125 people will become part of $6 billion GWP Ardonagh Specialty. Oxford Insurance Group operates across several specialisms including professional indemnity, property, general liability, marine and energy.
Its businesses include London-based Oxford Insurance Brokers, James Hampden International and MGB Insurance Brokers, as well as MGA and Wholesale businesses, Swiss and Liechtenstein UNIS and Dubai-based Antarah.
Ardonagh Specialty CEO Antony Erotocritou said: “In Oxford we have found shared values and true alignment on client service and the role of technology and innovation in delivering for them. We look forward to welcoming our new colleagues and supporting them as part of the largest truly independent broking group.”
According to the announcement, over the last 20 years, Oxford has seen a steady growth with its gross written premium exceeding $250 million each year.
Randall Goss, Oxford Insurance Group Founder and CEO, said: “I’m incredibly proud of our journey and of all the people who have contributed to this moment. The independent platform Ardonagh has created will give Oxford the scale and even more opportunities to deliver insurance solutions for clients across the globe.
The Group would become Ardonagh Specialty’s latest acquisition, following the acquisition and integration of Besso Insurance, Ed Broking and Piiq Risk Partners into the platform last year.
