Published by
The Street
The Street
By PR Newswire LONDON, Dec. 23, 2021 /PRNewswire/ — The Ardonagh Group today announces that it has agreed to acquire MDS Group, a leading insurance broker and risk management advisor across the Portuguese-speaking world and Europe. Headquartered in Porto, Portugal, MDS has offices in Brazil, where it is the country’s largest independent broker, as well as Angola, Mozambique, Spain, and Malta. It is the only Portuguese Lloyd’s Broker. MDS employs 900 colleagues and recorded revenue of €74.8 million (£65 million [1]) in the 12 months to 30 June 2021. MDS manages over €500 million in insurance p…