Ardonagh Advisory has acquired RiskSTOP Group, a pioneering provider of insurance technology and risk management services.
Based Poundbury, Dorchester, RiskSTOP provides risk management surveys and ancillary services to the UK insurer and broking communities.
The business was founded in 2000 and is run by a team of more than 200 employees and consultants who deliver products across the entire insurance lifecycle.
This has included work to support the transition to remote working through software driven solutions that shorten delivery timeframes and reduce the costs for brokers and underwriters.
The business will continue to be led by Managing Director, Danny Lillington alongside his management team. The addition of RiskSTOP will further complement Ardonagh’s existing digital technological capabilities.
Phil Bayles, Chief Commercial Officer, Ardonagh Advisory said:
“RiskSTOP is a highly regarded business whose pioneering risk management system protects clients from hazards and harm, including the growing issue of underinsurance.
“This is an accomplished and well-established company run by real experts in this field. We’re looking forward to supporting the team so that they can grow further and deliver even more valuable services to their clients across the market.”
Danny Lillington, RiskSTOP Group Managing Director commented:
“For more than two decades, RiskSTOP has worked with integrity to provide information that ensures people and organisations are safe and secure.
“We’re now looking to see how we can achieve even greater impact and take what we do to the next level. By joining Ardonagh Advisory we will be able to continue to support our clients with the same great level of service, while also working to innovate and develop our offer for the benefit of all.”