Acquisition
Ardonagh Group Acquires Majority Stake in Hong Kong Broker RMIB
•February 17, 2026
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Why It Matters
The acquisition bolsters Ardonagh’s presence in the fast‑growing Asian broking market, enhancing its service breadth and competitive positioning.
Key Takeaways
- •Ardonagh gains majority control of RMIB.
- •Expands Ardonagh's employee benefits and risk advisory capabilities in Asia.
- •RMIB founders remain to lead post‑acquisition.
- •Adds to Ardonagh's portfolio of Hong Kong brokers.
- •Positions group for growth amid rising demand for local broking.
Pulse Analysis
Ardonagh’s move into Hong Kong reflects a broader shift among global brokers seeking footholds in Asia’s insurance landscape. The region’s rapid economic growth, coupled with increasing regulatory complexity, fuels demand for localized, independent advisory services. By securing a majority stake in RMIB, Ardonagh not only expands its geographic footprint but also taps into a network of relationships that can accelerate cross‑border client acquisition and deepen insurer partnerships.
RMIB brings a niche portfolio that spans employee benefits, property & casualty, transport risk and bespoke international programmes. Its reputation for meticulous service and long‑term client relationships complements Ardonagh’s emphasis on high‑touch broking. Retaining founders Bie Tong and Danny Yao ensures continuity while providing a conduit for integrating Ardonagh’s broader resources, such as technology platforms and capital backing, to enhance product innovation and risk‑management solutions for Hong Kong’s corporate clientele.
The consolidation signals heightened competition among independent brokers vying for market share in Asia. With multiple Hong Kong entities now under a single umbrella, Ardonagh can leverage economies of scale, streamline underwriting processes, and offer a unified front to multinational insurers. This strategic positioning is likely to attract new business, especially as corporations seek comprehensive, region‑specific risk advisory amid evolving geopolitical and climate‑related challenges.
Deal Summary
Ardonagh Group, a global independent insurance broker, announced the acquisition of a majority stake in Hong Kong-based Risk Management Insurance Brokerage Limited (RMIB). The deal expands Ardonagh’s presence in Asia, strengthening its employee benefits and specialist risk advisory capabilities. RMIB’s founders Bie Tong and Danny Yao will continue to lead the business under the Ardonagh umbrella.
Article
Source: Reinsurance News
The Ardonagh Group, a global independent insurance broker, has acquired a majority stake in Risk Management Insurance Brokerage Limited (RMIB), a Hong Kong-based specialist insurance brokerage.
The move aligns with the group’s long-term plan to strengthen its capabilities in employee benefits and specialist risk advisory in the region
RMIB will join Ardonagh’s existing HK investments, alongside PSC HK, Apex Insurance, Charter Gilman Insurance Brokers, Charter-Union Insurance, and Trans-Pacific Insurance Brokers.
Founded in 1996, RMIB advises clients across employee benefits, property & casualty, transport-related risks, and niche international programmes.
Insurers and clients widely regard the broker for its focus on long-term relationships, attention to detail, and consistently high service standards in a competitive market.
RMIB is led by longstanding Directors, Bie Tong and Danny Yao, who will continue to lead the business and work closely with Ardonagh to support collaboration, deepen insurer partnerships, and pursue sustainable growth.
Des O’Connor, Chief Commercial Officer, Ardonagh, commented, “Ardonagh sees real opportunity in Asia, and demand continues for local, independent broking services. RMIB represents the type of firm we value partnering with — trusted, technically capable, and highly respected within its market. We are pleased to welcome Bie and Danny and look forward to close collaboration as we continue to enhance our Hong Kong presence and client offering together.
Bie Tong, Founder and Chief Executive, Risk Management, added, “Over nearly three decades, we have built RMIB by focusing on depth of expertise, consistency of service, and long-term client relationships. Joining ARDONAGH marks an exciting next chapter, and we believe this partnership will allow us to further enhance the solutions and support we provide to our clients.”
Hei Wong, Managing Director, PSC HK Insurance Group, concluded, “Bie and Danny are well regarded across the Hong Kong insurance market. Their addition strengthens our platform through experience, capability, and shared values. We see meaningful opportunities to collaborate and grow together as part of the Group.”
The post Ardonagh Group acquires majority stake in Hong Kong based broker, RMIB appeared first on ReinsuranceNe.ws.
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