Ardonagh Advisory makes double acquisition

Ardonagh Advisory has made a double swoop to acquire a majority shareholding in Stanhope Cooper and Renovation Underwriting.

The SME broker platform of the Ardonagh Group said in a statement today (25 April 2023) that the deal will see the business acquire a shareholding in N&W Investments, which holds Stanhope Cooper and Renovation Underwriting.

Stanhope Cooper is a multi-generation family brokerage based in Petersfield, providing insurance and risk management advice to high net worth (HNW) private clients and business owners.

The move will see it become part of the Ardonagh Advisory platform, where the business will use its expertise to provide further opportunities for collaboration to enhance Ardonagh’s HNW offering.

Managing director William Cooper will continue to lead the business in his current role.

He said: “We sought an investor so that we could achieve even greater heights by diversifying our business to provide something truly unique and improve our offer to clients.

“Joining a business that shares our ambition and vision will make for a highly beneficial collaboration and we look forward to working more closely with the Ardonagh team.”

Renovation Underwriting

Meanwhile, Renovation Underwriting will join Ardonagh Advisory’s UK Commercial MGA.

The business provides insurance for private client contract works and high value projects.

Doug Brown, managing director of Renovation Underwriting, will continue to lead the business and join the UK Commercial MGA executive committee.

He said: “Our new backing from The Ardonagh Group enables us to move forward with the same vision, but with a bigger platform and greater resources to propel our ambitious plans – all of which will still be led and delivered by our specialist, committed team.”