Ardonagh buys Broker Network-owner Bravo Group

Ida Axling
@BrokingIda
22 Jun 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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 print this content. Please contact [email protected] to find out more.

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.