The Ardonagh Group has announced it has entered into an agreement with Hemsley Wynne Furlonge (HWF,) which will see its trade and assets be acquired by Hamilton Investment Bidco Limited, a subsidiary of the group.
HWF is a specialist M&A insurance broker which structures “bespoke” insurance solutions for transactional risks, specialising in warranty and indemnity, tax, contingent risk, and environmental indemnity products.
The 17-strong team including founding partners Will Hemsley, Rebecca Wynne and Adrian Furlonge will join Ardonagh upon completion with the business continuing to trade independently under the Hemsley Wynne Furlonge/HWF Partners brand.
David Ross, Ardonagh CEO, said: “HWF is a highly respected brand with a top flight and ambitious team. The business’ sustained growth and the trust that has been placed in it by many of the world’s leading legal and financial advisors on marquee transactions is testament to the quality of operations built by the partners.”
Will Hemsley, co-founder HWF, added: “Joining Ardonagh affords the HWF team the backing and support to not only continue as a market leader but also accelerate our expansion into new jurisdictions and product lines whilst maintaining our independence and identity.
“This is a hugely exciting step not only for our team, but a milestone event that our clients will benefit from.”