The Ardonagh Group (Ardonagh) will acquire The Netherlands-based specialist commercial lines insurance broker Klap Verzekeringsmakelaar (Klap) from Nedvest.

Founded in 1854 and based in Amsterdam, Klap advises SME companies on employee benefits, insurance, and pensions and distributes over €100 million of GWP annually.

Under the leadership of Klap CEO Jorg Roodbeen and support from Nedvest partner Tim Kreté, Klap has grown significantly in recent years and cemented its position as a key player in the Dutch insurance market. It has achieved various milestones through a combination of an acquisition strategy and by maintaining operational excellence.

Klap’s acquisition

Ardonagh Europe will acquire Klap through its subsidiary – Ardonagh Netherlands BidCo B.V. (Ardonagh Netherlands) – with funding from Ardonagh’s available funds. Klap’s management team will remain with the business and is committed to its next growth phase.

“I am delighted that two insurance brokers with a long history have found each other with the support of a strong international shareholder,” Roodbeen said. “In recent years, we have been on a great journey to place ourselves on the map as a leading adviser for SMEs.