Strategic Risk Solutions (SRS) to acquire Robus Group from Ardonagh

Strategic Risk Solutions, Inc., an independent provider of insurance, reinsurance and captive management and consulting services, has announced that it has reached an agreement to acquire Robus Group from The Ardonagh Group, subject to approvals.

Management, fiduciary and financial advisory group Robus, provides a range of services, across insurance management, protected cell company and captive management, actuarial and insurance-linked securities (ILS) services.

Robus had been acquired by independent insurance broking, underwriting, servicing and management company Ardonagh back in late 2020.

Robus has operations in Guernsey and Gibraltar, domiciles that have regulatory regimes that support ILS and collateralised reinsurance activity, with Guernsey being the one that is particularly active in the space.

Strategic Risk Solutions (SRS) said the acquisition of Robus furthers its “journey to be the leading captive management firm throughout Europe.”

Robus provides professional management services to some ILS fund managers, as well as its captive and insurance management capabilities.

“Robus coming over to SRS makes great sense because we share so much in our philosophies that pertain to our clients and the industry as a whole,” explained Peter Child, CEO of SRS Europe. “I am thrilled to welcome Steve Quinn and his Robus colleagues to our team and am confident that this relationship will give us an even stronger platform from which to deliver our best-in-class insurance management services.”

Steve Quinn, Executive Chairman, Robus Group added, “Joining a business that is renowned for its specialist insurance management solutions is the natural next step in the development of our business.

“Robus has been on a remarkable journey over the past few years with Ardonagh, which will remain an important trading partner. We’re excited to now work with SRS, a business that shares our same high standards of service, as we continue to deliver some of the best possible captive management solutions available on the market.”

SRS took investment from and entered into a partnership with private equity house Integrum Holdings LP almost a year ago, providing capital and support for its continued expansion.