The Ardonagh Group, through its subsidiary Hamilton Investment Bidco Limited, has acquired specialist broker Hemsley Wynne Furlonge LLP, which will be renamed Hemsley Wynne Furlonge Partners Limited.
The acquired intermediary focuses on structuring bespoke insurance solutions for transactional risks, specialising in warranty and indemnity, tax, contingent risk and environmental indemnity products.
It launched in 2014, has offices in London and Germany and generated revenues of £10m in 2020.
David Ross, CEO of Ardonagh Group, said: “The business’ sustained growth and the trust that has been placed in it by many of the world’s leading legal and financial advisors on marquee transactions is testament to the quality of operations built by the partners.
“We are committed to providing the firepower and support the team deserves for the next phase of its trajectory and at a time of strong M&A market recovery.”
Will Hemsley, co-founder at HWF, added: “Joining Ardonagh affords the HWF team the backing and support to not only continue as a market leader but also accelerate our expansion into new jurisdictions and product lines whilst maintaining our independence and identity.”
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