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Ardonagh completes PSC buy

Asia

Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.

The takeover of Australia-headquartered PSC was first revealed in March and the A$2.3bn (£1.21bn) deal was finalised in May.

With shareholder and regulatory approvals completed, Ardondagh will combine PSC’s operations in Australia and New Zealand with the Envest Group which it bought in February 2023.

UK

PSC’s UK retail offering includes London-based broker Turner Rawlinson, Abaco Insurance Brokers in Leicester, Absolute Insurance Brokers in Croydon, Trust Insurance in Northampton, and Turner

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Karen Greenhalgh, head of broking and placement for the commercial division at Gallagher in the UK, details her route into insurance, being one of the very first recruits when the US giant entered the retail market, and following her recent promotion her vision for her new role at the consolidating behemoth.

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