Ardonagh pushes ahead with European expansion

Ardonagh is expanding into Greece, having agreed to acquire a majority shareholding in SRS Group, a growing reinsurance business serving the southern Mediterranean region.

SRS operates across Greece, Israel, Cyprus and the Balkans and has experienced sustained growth, achieving approximately €11.6 million in turnover in 2022.

Conor Brennan, CEO of Ardonagh Europe, said: “SRS and Ardonagh are a good example of how regional can meet international. With Ardonagh’s international reinsurance capabilities and the technically oriented SRS underwriting team located regionally, the Group will be able to make and create a more unique product offering.”

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