Ardonagh Europe expands NL footprint

Ardonagh Europe has agreed to acquire Léons Group, an independent family-owned insurance brokerage and consultancy firm in the Netherlands - subject to the receipt of regulatory approvals.

Headquartered in Amsterdam and founded in 1951 by Max Léons, the group specialises in full-service insurance solutions to corporate clients. It is also a founding member and shareholder of Brokerslink.

The broker, which celebrated its 71st anniversary this year, will continue to operate independently as part of Ardonagh Europe under the direct leadership of Sunny and Nico Léons, together with the shareholders and current management team, building on successive years of growth.

Commenting on the acquisition, Sunny Léons said: “The Ardonagh Group and its leadership are a perfect match for our vision and growth ambitions. We are thrilled to be joining forces with a global platform with scale and dynamic culture, that embraces our family-owned concept. With access to Ardonagh’s considerable resource and capital, we look forward to joining them as our growth engine together with MDS and other partners, to build on an international group as individual partners.”

Conor Brennan (pictured), CEO of Ardonagh Europe added: “We are excited to welcome Léons to Ardonagh, together building on their Dutch roots and solid reputation in the market to build a portfolio of brands and insurance broker companies that are leaders in their target markets. Sunny and Nico have built a unique business with a special culture that will fit perfectly alongside the portfolio of independent businesses that Ardonagh has acquired over the last number of years. We are very excited by what we can achieve with our new partners in the Netherlands."

The Léons family maintains a stake in Léons Group as part of the transaction.

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