Ardonagh Group
Ardonagh-owned Atlanta Group is fast moving up the rankings. It was built up by founder, Ian Donaldson from its base in Stoke-on-Trent and comprises heritage brands Autonet, Carol Nash and Swinton Group.
The Ardonagh Group features in the Insurance Age Top 50 Insurance Brokers in Personal Lines listing, and the Insurance Age Top 100 Insurance Brokers 2021 listing. Find out what other companies made the cut.
Finch buys Compass member Headley Group
Headley brings over £13m in GWP to the Ethos-owned broker.
Compass London Markets teams up with Bishopsgate Insurance Brokers
Parent company Ardonagh says move will give UK brokers access to the Lloyd's market and follows its deal to buy Compass owner Bravo Group in August 2020.
Berkeley Alexander develops landlord product
The provider has teamed up with Auto Legal Protection Services for the legal expenses and rent guarantee proposition.
Geo Underwriting moves into the captive market with latest acquisition
The purchase of Robus by the Ardonagh-owned MGA has been hailed as a “powerful addition” by Geo CEO Derek Coles.
Ardonagh reveals 14.4% growth in adjusted Ebitda
The business says it has a "robust forward-looking pipeline" after making five deals in Q3 2020.
Ardonagh Specialty reshuffles management team
Broker makes series of promotions as it revamps its top team.
Geo Underwriting expands into marine and leisure with deal
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
ICO confirms investigation into Ardonagh cyber incident
Ardonagh says it has found no evidence of customer, carrier, or broker data leaving its estate as the Towergate website remains unavailable.
A-Plan deal sees Howden become "new force" in regional broker space
What next for Howden following the investment from HG and its buy of A-Plan? Insurance Age talks to key experts.
Ardonagh buys Lloyd Latchford
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Aston Lark hires UK Retail MD
Warren Dickson will take up the newly created role next month.
CMA: Ardonagh’s Bennetts buy raises competition concerns
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Saga announces £150m equity capital raise
Former owner and CEO, Sir Roger De Haan, is expected to invest up to £100m in the business as he returns to the board as non-executive chairman.
Ethos Broking makes first deal since takeover by Ardonagh
Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
Ardonagh buys Thames Underwriting
The MGA, which specialises in the construction, leisure and commercial sectors, brings £20m of GWP to Ardonagh and will operate within Geo Specialty Group.
UK Broker Awards: Meet the Shortlist - Personal Lines Broker of the Year
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Personal Lines Broker of the Year.
CMA orders Ardonagh to keep Bennetts separate as deal completes
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
CMA launches official inquiry into Ardonagh’s Bennetts deal
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.
Ardonagh completes £2bn debt raise and deals for Bravo Group and Arachas
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.
CMA launches investigation into Ardonagh's Bennetts deal
The government body is seeking comments on the deal in order to decide whether it "may be expected to result in a substantial lessening of competition" in the market.
Ardonagh moves forward with refinancing
The $500m ‘payment-in-kind’ toggle notes have been priced as the business progresses with £1.9bn refinancing which includes a $300m war chest.
Praise for Ardonagh’s Broker Network move but Fitch downgrades
News Analysis: Experts say the deal to buy Bravo Group and Irish business Arachas signals how far the company has come since David Ross took the helm at flailing Towergate in 2015.