PR88846

LONDON, April 6, 2021 /PRNewswire=KYODO JBN/ --

-- Ardonagh Global Partners accelerates the international strategy of the

Ardonagh Group

-- Announces acquisition of AccuRisk Solutions LLC ("AccuRisk"), a US-based

medical stop loss Managing General Underwriter (MGU)

-- Following summer 2020 refinancing, to date Ardonagh has committed to invest

£155 million in M&A

The Ardonagh Group ('Ardonagh' or the 'Group'), a Top 20 Global Broker with

gross written premium in excess of $10 billion, today announces the launch of

Ardonagh Global Partners ("AGP") and its first acquisition in the United States.

AGP's strategy is to invest in leading platforms operating in attractive

markets and product verticals outside of the UK and Europe and will sit within

Ardonagh's new International platform. By offering access to Ardonagh's

commercial capabilities, management expertise and funding, AGP will become a

partner of choice for best in class management teams.

AGP will be led by Des O'Connor, who ran a successful buy-and-build strategy as

CEO of Bravo Group, the largest network of independent insurance brokers in the

UK which became part of Ardonagh in 2020.

AGP has today agreed to acquire US healthcare and benefits underwriter AccuRisk

in a joint venture with the Amynta Group. In addition to AccuRisk, AGP will

oversee Resilium, Australia's largest independently owned intermediary network,

and M&A specialist broker Hemsley Wynne Furlonge LLP, companies it acquired

February and March 2021 respectively. All three acquisitions have been funded

through the Group's committed acquisition facility.

Resilium is Australia's largest independently owned intermediary network and

will act as the centrepiece of the Australian operations and allow Ardonagh to

leverage opportunities for the wider portfolio within Australia.

Hemsley Wynne Furlonge is a specialist M&A insurance broker which structures

bespoke insurance solutions for transactional risks, specialising in Warranty &

Indemnity, Tax, Contingent Risk, and Environmental Indemnity products. With

offices in London and Germany, the business has grown substantially since its

launch in 2014.

AccuRisk is a Chicago-based MGU specialising in medical stop loss, occupational

accident and supplemental health products for small and mid-sized businesses.

The US medical stop loss market has rapidly expanded from $10 billion in 2010

to $24 billion in 2020, as employers look for alternatives to the fully insured

market. AccuRisk has also expanded into the Captive and Ancillary service lines

as these markets have significant growth opportunities in the US. The

acquisition will allow Ardonagh to enter the strategically important US market

which is the largest insurance market in the world.

In 2020, Ardonagh generated 9% of its Pro Forma Income of £836 million from its

International platform from an almost standing start in 2019, demonstrating the

rapid growth of this segment. The Group expects further substantial growth and

investment in Ardonagh International over the next 12 months and beyond.

David Ross, Chief Executive of Ardonagh, commented: "The creation of Ardonagh

Global Partners opens an exciting new chapter in our story with presence in

three continents in addition to our global wholesale operations.

"With every acquisition, we aim to become a strategic partner to high quality

businesses and management teams, leveraging our collective scale and expertise

to build value for all concerned."

NOTES TO EDITORS

THE ARDONAGH GROUP

The Ardonagh Group Limited is a holding company and is not regulated. Various

subsidiaries of the Group are regulated, as required, to conduct their business.

The Group is the UK's largest independent insurance broker powered by a network

of over 100 locations across the UK and Ireland and a workforce of over 7,000

people.

Formed in 2017, Ardonagh today brings together best-in-class brands in

specialist haulage businesses and vans, classic cars and motorcycles and

private health insurance to UK SMEs.

The Ardonagh Group was established in 2017 with the backing of majority

shareholders HPS and Madison Dearborn Partners, two blue chip US based private

equity groups.

For more information, please contact: ardonagh@powerscourt-group.com

Contact:

+44 (0) 20 7250 1446

SOURCE: Hologram Sciences, Inc.