Praise for Ardonagh’s Broker Network move but Fitch downgrades

David Ross, Ardonagh

The market has responded positively to the deal which sees Broker Network-owner Bravo Group officially brought back into the Ardonagh Group fold after Towergate offloaded it in 2016.

The move, according to market commentators, takes Ardonagh the next step in its journey to rise from the almost ashes of Towergate.

“It is formalising the structure and becoming very large and powerful,” remarked Aston Lark group CEO, Peter Blanc.

He praised Ethos as a fantastic business and said Ardonagh would

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