Ardonagh buys Broker Network-owner Bravo Group

Deal

The Ardonagh Group has agreed to buy the holding companies of Bravo Group and Arachas and announced a $500m (£401.3m) notes offering.

Bravo Group comprises Ethos Broking and Compass as well as Broker Network, which Ardonagh, then Towergate, sold to HPS Investment Partners and Madison Dearborn Partners in 2016.

According to Ardonagh Bravo placed approximately £2.6bn of GWP, both directly through Ethos and indirectly through its networks last year.

Credit
Ardonagh further stated that it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: