The Jeuns

Ardonagh Advisory expands into northwest England through acquisition of SIB Insurance

April 9, 2024 | by The Jeuns

Ardonagh Advisory has increased its footprint in the northwest of England by acquiring Southport Insurance Brokers Limited (SIB Insurance), an independent commercial broker. Founded in 1965, SIB Insurance is a well-established regional broker specializing in providing insurance coverage for a wide range of risks, particularly in the Industrial, Care, and Agricultural sectors.

The company is known for its commitment to developing strong client relationships through expert advice from insurance specialists. Ian Robertson, the Managing Director of SIB Insurance, will continue to lead the business with the support of his current management team.

Richard Tuplin, CEO at Advisory Insurance Broking, praises SIB Insurance as a high-quality regional broker with specialized expertise that has earned the trust of its long-standing client base by delivering exceptional service over many decades. Tuplin emphasizes that within Ardonagh Advisory, they have cultivated a specialization in helping new businesses stay client-oriented while assisting them in their growth.

Tuplin expresses his anticipation for collaborating with Ian and the team at SIB Insurance, asserting his support for the company’s continued success as part of Advisory. Robertson echoes this sentiment, noting that Ardonagh Advisory provides a great platform for SIB Insurance to access placement opportunities, fueling their growth and enhancing their offerings to existing clients.

He emphasizes the alignment of values between the two businesses and looks forward to a prosperous future together. Joe Conway, M&A Director at Ardonagh Advisory, shares his enthusiasm for the acquisition, expressing his delight in welcoming Ian and the team to the Ardonagh Advisory family.

Conway highlights the benefits that Advisory offers to high-quality businesses and indicates their openness to discussions with other interested parties. This strategic move not only strengthens Ardonagh Advisory’s presence in the region but also enhances its capabilities in serving clients across various sectors.

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