Ardan to continue independent operation
The RL360 insurance group has announced it's acquired global platform Ardan International.
The Isle of Man-based company employing 12 staff will continue an indepednent operation at its Douglas office, serving international advisers and their investors.
The sale adds to RL360's growth plans after it bought another Manx business, Clerical Medical Insurance Company Ltd in November last year.
RL 360 Chief Executive David Kneeshaw says the investment platform's autonomy and international focus was attractive to the group and made strategic sense.
The CEO of Ardan International says it will benefit from continued backing, market insight and distribution channels.
The move is subject to approval from the Isle of Man Financial Services Authority.