Towergate chief Ross hints at Ardonagh Group IPO - report

David Ross

David Ross, chief executive of Towergate and the recently created Ardonagh Group, has suggested that the holding company “could be big enough to IPO” next year.

The Telegraph reported that the group was not ruling out a potential sale or listing of the business.

The group was created in May when US equity owners HPS Investment Partners and Madison Dearborn Partners brought Towergate, Autonet, Chase Templeton, Direct Group and Price Forbes together.

Last month the group, previously known as KIRS

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