Ardonagh acquires Apex Insurance to expand footprint in Asia

The acquisition adds to Ardonagh’s existing regional operations under PSC HK Insurance Group.

Ardonagh Group has acquired a majority stake in Apex Insurance (Holdings) Limited in Hong Kong, marking it’s entry into Asia.

The acquisition adds to Ardonagh’s existing regional operations under PSC HK Insurance Group, which includes Charter Gilman Insurance Brokers, Charter-Union Insurance, and Trans-Pacific Insurance Brokers.

Established in 1988, Apex provides insurance broking and agency services primarily to small and medium enterprises. Its focus is on General Liability, Accident & Health, and Property Damage. 

The company will continue to be led by its current management team, including Allen Lee, Philip Mak, Jimmy Poon, and Andrew Mak.

This transaction follows Ardonagh’s $1.51b (AU$2.3b) acquisition of Australia’s PSC Insurance Group in October 2024. 
Apex will operate alongside PSC HK under Ardonagh’s Asia platform, bringing additional scale and local market expertise.