Ardonagh expands into Australia with Resilium acquisition

The Ardonagh Group has acquired Australian intermediary network, Resilium BidCo Pty Ltd, which has offices in Sydney, Melbourne and the Gold Coast, and provides commercial and personal insurance solutions to clients across Australia.

Adrian Kitchin will continue in his role as managing director of Resilium. Gross written premium under management has more than doubled since 2016 to more than £279m in 2020, generating revenue of £11m for the financial year ending 30th June 2020.

David Ross (pictured), CEO of The Ardonagh Group, said: “We’re thrilled to be welcoming Resilium into the Ardonagh portfolio as the centrepiece of our Australian operations and to be empowering this well respected, high calibre team to enter their next exciting chapter of growth.”

Kitchin added: “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.”

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