Ardonagh silent on partial sale of Direct Group to Davies report
All parties decline to comment.
Ardonagh, Direct Group and Davies Group have all declined to comment on the news of sales talks, revealed by Insurance Insider.
According to the report Ardonagh is in advanced discussions about selling the claims side of Direct Group to Davies Group.
Ardonagh bought Direct Group, then known as Ryan Direct Group, in April last year.
At the time of the deal the Doncaster-headquartered business was a provider of insurance distribution and of claims handling services.
A spokesperson for Ardonagh
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