Ardonagh to buy BGC's insurance business for $500m

Deal merger

Ardonagh Group has agreed to acquire the insurance operations of BGC Partners for a cash consideration of $500m (£354m).

The deal is subject to regulatory approval and the businesses will join Price Forbes, Bishopsgate and Compass London Markets as part of the Ardonagh Specialty segment.

Commenting on the announcement, Ardonagh CEO, David Ross said: “We’re delighted to welcome each of BGC’s insurance brokerage businesses to our Ardonagh Specialty platform. This is a compelling shakeup of the

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

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: