Swinton
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
2019 in review: August's top stories
Readers were most interested by closures at Swinton in August, as PIB announced its intention to seek a new investor by 2021.
Quizzical questions: 22 November 2019
Test your knowledge of the week's news with our topical quiz.
Ebitda soars at Ardonagh but losses also rise in first nine months of 2019
Business posts rise in reported income to £505.4m, while loss increases to £67.7m as organic growth hits 4.6%.
Ex-Swinton boss Gilles Normand joins Saga amid insurance business restructure
Former Legal & General GI boss, Cheryl Agius, is set to take on CEO of insurance role as Saga reveals plans to bring together its insurance broking, underwriting and claims management businesses.
Towergate acquires Swansea-based broker
Both employees join Towergate’s Swansea office as owner Tony Nakonecznyj becomes a consultant.
In Person: Ian Donaldson, CEO of Atlanta Group
Great Expectations: The self-made broker talks about his billion pound ambitions, lifts the lid on the Swinton deal and considers his Ardonagh bosses.
David Christmas swaps Bennett Christmas for Broker Insights
InsurTech Futures: Christmas' move to Fraser Edmond's start-up follows Ethos Broking's deal to buy Bennett Christmas Group, as Jon Elstone also joins from Swinton.
The Insurance Age Podcast: 6 September 2019
The Insurance Age team unpick the most recent and most popular stories.
Swinton closures don’t tell full story, says Donaldson
The Atlanta CEO explains that branch closures should not be viewed in isolation.
The Insurance Age Podcast: 23 August 2019
The Insurance Age team unpick the most recent and most popular stories.
Ardonagh confirms the end of all Swinton retail branches
CEO David Ross reveals plans for Ardonagh to double in size in the next three to five years, as results for the first half of 2019 show growth in retail and broking segments.
Ardonagh losses rise to £44.5m in H1 2019
Broking giant also posts growing income as a result of the deal to buy Swinton.
Brightside hires new MD of broking as Russell Bence exits
Derek Henry, formerly of Ardonagh Group, will join the broker in September.
Ardonagh shutters Swinton's advised commercial business
Advised clients will be transferred to Towergate and the move, which will lead to redundancies, is likely to result in branch closures.
Ex-Ardonagh deputy CEO Janice Deakin: "I need a break from big deals"
Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…
Ardonagh losses decrease for Q1
Income goes up for the quarter as Swinton is credited with assisting growth despite branch closures.
Ardonagh closes 24 Swinton branches
The company's Q1 results revealed that £6m had been spent by Ardonagh on the closures.
Former Swinton distribution director, Richard Beaven becomes COO of Brightside
Brightside said the management change was made to build stronger and deeper relationships with distribution partners in an increasingly digitised sector.
Swinton performing better than expected for Ardonagh
The Ardonagh Group results showed that the personal lines broker contributed £146.3m in pro forma income.
The Blog Spot: Should insurance go back to its coffee shop roots?
Insurance Age content director Jonathan Swift mulls whether insurance broking needs to go back to its beginnings to find the right blend for future success.
Broking break: Your top five
M&A is the standout topic of interest for brokers as we ring in the New Year.
Ardonagh’s Swinton takeover goes through
Deal for £165m was agreed in September.
Review of the year: June 2018
RSA and Aviva were the talk of the town amongst brokers in June as rumours swirled that Allianz was targeting a big UK acquisition. Swinton's sale also caught brokers attention along with hack day, which explored what brokers should do to stave off a…