Ardonagh to buy Hera Indemnity

Posted On: Feb. 8, 2021 9:21 AM CST

U.K.-based insurance broker Ardonagh Group Ltd.'s small and middle enterprise broking platform, Ardonagh Advisory Holdings Ltd., will purchase U.K.-based broker Hera Indemnity Ltd., subject to regulatory approval, S&P Global reported. The company has £41 million ($56 million) gross written premiums under management, and offers professional indemnity insurance solutions to solicitors in England and Wales.