Ardonagh to Acquire Netherlands Insurance Firm Klap
Klap, the specialist commercial lines insurance broker based in The Netherlands, is to be bought by Ardonagh Europe, the European branch of The Ardonagh Group, the UK’s largest independent insurance distribution platform.
Klap has achieved high levels of growth in recent years, cementing its position as a key player in the Dutch insurance market.
Founded in 1854 and based in Amsterdam, Klap advises SME companies on employee benefits, insurance, and pensions, distributing over €100m of GWP annually.
Klap will be acquired by Ardonagh Europe, through its subsidiary Ardonagh Netherlands BidCo B.V. Klap’s management team will remain with the business.
Ardonagh Europe, led by CEO, Conor Brennan, landed in the Dutch market in 2022, welcoming the Léons Group as part of its ambitious plan to penetrate new European markets. Léons’ Dutch roots enabled Ardonagh Europe to begin building a portfolio of brands with insurance broker companies that are leaders in their target markets.
Commenting on the announcement, Conor Brennan, said, ‘This is a hugely complementary acquisition, aligning neatly with our Group’s footprint both internationally and in the European market. Alongside the vast expertise of Léons, Klap further diversifies our portfolio and our customer base in The Netherlands, creating a strong platform to accelerate our growth ambitions in the region.’
Jorge Roodbeen, Klap CEO added, ‘Today’s announcement marks the start of a new and exciting chapter for us all. In Ardonagh we have found a strategic partner supportive of our ambitions. Our clients and colleagues will benefit from this.’
He continued, ‘I am delighted that two insurance brokers with a long history have found each other with the support of a strong international shareholder. The combination of Klap and Léons results in a unique collaboration. In recent years, we have been on a great journey to place ourselves on the map as a leading adviser for SMEs.’
Ardonagh Europe is part of Ardonagh’s International platform which includes Arachas, the Republic of Ireland’s largest commercial insurance broker delivering exclusive insurance solutions through a multi-channel distribution strategy, MDS Group, a specialised international insurance broker, headquartered in Portugal, Envest, an insurance investment and distribution business with a diverse portfolio of brands and Australian footprint, AccuRisk Solutions, a US-based MGA focused on medical stop loss products, and HWF Partners, a fast-growing specialist M&A insurance broker operating out of the UK and Germany.
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