Ardonagh-owned MDS Brazil to acquire D’Or Consultoria

MDS Brazil, a subsidiary of Ardonagh-owned MDS Group, announced its intention to acquire D’Or Consultoria, a broker specializing in health, dental, life insurance, and pensions, from Rede D’Or Sao Luiz S.A.

The transaction, valued at R$800 million (£123 million), is subject to approval by the Administrative Council for Economic Defense (CADE) and other regulatory bodies. Ardonagh plans to fund the acquisition through the Group’s available liquidity.

After the acquisition, Ariel Couto, CEO of MDS Brazil, will lead the joint operation, while Bruno Iannuzzi, CEO of D’Or Consultoria, and his executive team will remain with the company to ensure continuity of service and business growth.

MDS Brazil currently manages around R$4 billion (£0.62 billion) in premiums. With the addition of D’Or Consultoria, which serves approximately 2.5 million users, the combined operation will manage over R$8 billion (£1.3 billion) in gross written premiums, positioning it as a leading broker in Brazil’s corporate benefits segment.

This acquisition is part of MDS’ expansion strategy in Brazil and Latin America, adding to 12 acquisitions in Brazil and one in Chile over the past five years. Until regulatory approval is received, both companies will continue to operate independently.