Atlanta reveals Be Wiser price tag

money

Ardonagh paid £6.3m in cash for the business and assets of motor broker Be Wiser Insurance last year.

The figure in a filing released last month at Companies House by part of the Atlanta retail arm came with the detail that Ardonagh “recognised” £10.9m of goodwill in the deal.

Atlanta revealed the buy in April 2021 and the document reported that the purchase was completed on 31 March that year.

The partial sale of Be Wiser followed redundancies and a number of management exits at the company and brought the personal lines broker alongside the likes of Swinton, Autonet, Carole Nash and

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

Most read articles loading...

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: