Ardonagh Italia has confirmed completion of its previously announced acquisitions of Mediass S.p.A. and Mansutti S.r.l.

Based in Pescara and founded in 1996, Mediass provides insurance broker services offering general liability, motor and PI insurance solutions via 96 local offices and distribution network of over 550 franchisees. It has an annual GWP of €95m and generated income of €20m in 2023.

Mansutti S.r.l is the commercial lines broker of Mansutti S.p.A., which was established by the Mansutti family in Milan in 1925. The firm has an annual GWP of €45.5m across liability, property, employee benefits, automotive and marine.

Chairman Francesco Pirocchi and CEO Gianluca Graziani will continue to lead Mediass. Mansutti S.r.l. will operate as part of Ardonagh Italia alongside Mediass and Teksure S.r.l.

Commenting on the announcement, Carlo Faina, CEO of Ardonagh Italia, said: “It is my pleasure to formally welcome the Mediass and Mansutti S.r.l teams into Ardonagh Italia, combining their complementary propositions for retail, SME, corporate and public clientele. Operating from our shared platform alongside Teksure, these businesses are poised to grow a compelling offering of breadth and depth, accelerated by the scale and track record of The Ardonagh Group.”

Together the brokers will add 128,000 customers and nearly 60 new colleagues to The Ardonagh Group.

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