Ardonagh Advisory has expanded its commercial insurance footprint in England's northwest by acquiring Southport Insurance Brokers Limited (SIB Insurance), an independent brokerage known for its broad risk coverage expertise, particularly in the industrial, care, and agricultural sectors.
Established in 1965, SIB Insurance boasts a longstanding tradition of client service from its Southport headquarters, supported by a team of about 20 professionals.
SIB Insurance managing director Ian Robertson will continue in his role, supported by the firm's existing leadership team, ensuring continuity in service and client relationships.
“Ardonagh Advisory is a great home for SIB Insurance, the placement opportunities we'll now have access to gives us a great basis from which to grow while also enabling us to offer even more to our existing clients,” he said. “It's fair to say that our businesses share a lot of common values, and I know that we are going to enjoy a long and successful future together.
“I'd like to say a huge thank you to our fantastic team and to all our clients who have been there throughout our journey, and we look forward to supporting them into the future.”
Richard Tuplin, CEO of Advisory Insurance Broking Ltd, part of the Ardonagh Group, shared insights into the acquisition.
“SIB Insurance is a high-quality regional broker with clear specialisms that has earned the respect of its longstanding client-base over many decades by delivering excellent service,” he said. “Within Ardonagh Advisory, we've developed real expertise in giving our new businesses everything they need to remain client centric while also giving them the platform to reach the next level.
“I'm looking forward to working with Ian and the team and supporting SIB Insurance's onward success as part of Advisory.”
Ardonagh Advisory M&A director Joe Conway noted the seamless integration process and the mutual benefits the acquisition brings.
“It's been a pleasure getting to know Ian through the process, and I'm thrilled to be able to welcome him and the team to Ardonagh Advisory. Advisory offers a lot to high quality businesses, and we're very much open for conversations with other interested parties,” he said.
The announcement follows Ardonagh Advisory's acquisition of Westfield Brokers, which operates as Westfield Insurance.
