The Ardonagh Group introduced it has agreed to amass Klap Verzekeringsmakelaar, a specialist industrial traces insurance coverage dealer based mostly in The Netherlands, from household workplace, Nedvest.
Monetary particulars of the deal weren’t disclosed.
Underneath the management of Klap CEO Jorg Roodbeen and with help from Tim Kreté, associate at Nedvest, Klap has achieved excessive ranges of development in recent times, cementing its place as a key participant within the Dutch insurance coverage market, mentioned Ardonagh in a press release.
Klap’s development was achieved by way of a mix of its profitable acquisition technique and by sustaining operational excellence to make sure sturdy natural development.
Based in 1854 and based mostly in Amsterdam, Klap advises SME corporations on worker advantages, insurance coverage, and pensions, distributing over €100 million of gross written premiums yearly.
Klap shall be acquired by Ardonagh Europe, by way of its subsidiary Ardonagh Netherlands BidCo B.V., funded from Ardonagh’s out there funds. Klap’s administration group will stay with the enterprise.
Ardonagh Europe, led by CEO Conor Brennan, landed within the Dutch market in 2022, welcoming the Léons Group as a part of its plan to penetrate new European markets. Léons’ Dutch roots and stable popularity out there, lasting over 70 years, has enabled Ardonagh Europe to start constructing a portfolio of manufacturers with insurance coverage dealer corporations which are leaders of their goal markets.
With the addition of Klap, Ardonagh Europe will faucet into greater than 230 years of Dutch insurance coverage excellence, as supplied by two extremely revered and long-standing franchises which have top quality portfolios of business traces enterprise.
“It is a vastly complementary acquisition, aligning neatly with our group’s footprint each internationally and within the European market. Alongside the huge experience of Léons, Klap additional diversifies our portfolio and our buyer base in The Netherlands, creating a robust platform to speed up our development ambitions within the area,” commented CEO Brennan.
“Right now’s announcement marks the beginning of a brand new and thrilling chapter for us all. In Ardonagh now we have discovered a strategic associate supportive of our ambitions. Our purchasers and colleagues will profit from this,” Klap’s CEO Roodbeen mentioned.
“I’m delighted that two insurance coverage brokers with an extended historical past have discovered one another with the help of a robust worldwide shareholder. The mix of Klap and Léons leads to a novel collaboration. In recent times, now we have been on an ideal journey to position ourselves on the map as a number one adviser for SMEs,” Roodbeen added.
“We’re assured that Ardonagh is the best associate to take Klap to even larger heights of their continued journey,” mentioned Kreté, associate at Nedvest.
The Ardonagh Group
The Ardonagh Group is the UK’s largest impartial insurance coverage distribution platform and a high 20 dealer globally, working with a community of greater than 150 areas and a mixed workforce of greater than 9,000 folks. Ardonagh Europe is a part of Ardonagh’s Worldwide platform. Ardonagh Europe’s enterprise models embrace: Arachas, the Republic of Eire’s largest industrial insurance coverage dealer; MDS Group, a Portugal-based specialised worldwide insurance coverage dealer; Envest, an insurance coverage funding and distribution enterprise with a various portfolio of manufacturers and Australian footprint; AccuRisk Options, a U.S.-based MGA centered on medical cease loss merchandise; and HWF Companions, a specialist M&A insurance coverage dealer working out of the UK and Germany.
Supply: Ardonagh Group
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Mergers & Acquisitions
Companies
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