The Ardonagh Group has completed its acquisition of PSC Insurance Group, solidifying its position as a major player in the Asia Pacific region’s insurance market. The merger positions Ardonagh among the top privately owned insurance distribution companies in Australia, managing A$3.3 billion in gross written premiums annually.
The integration combines PSC’s Australian and New Zealand operations with The Envest Group, Ardonagh’s regional platform, which is led by CEO Greg Mullins. This move is set to significantly strengthen Ardonagh’s foothold in the region.
PSC Insurance Group’s portfolio, which includes well-known brands such as Paragon and Carrolls, will bolster Ardonagh’s Specialty and UK Advisory platforms, enhancing its capabilities in wholesale and retail broking.
In addition to its regional impact, the acquisition is expected to elevate Ardonagh’s standing in both the Australasian and global insurance markets. The company gains 900 new employees and over 40 trading brands, expanding its reach across Australia, the UK, Ireland, Hong Kong, and New Zealand.
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