The government body is seeking comments on the deal in order to decide whether it "may be expected to result in a substantial lessening of competition" in the market.
The $500m ‘payment-in-kind’ toggle notes have been priced as the business progresses with £1.9bn refinancing which includes a $300m war chest.
News Analysis: Experts say the deal to buy Bravo Group and Irish business Arachas signals how far the company has come since David Ross took the helm at flailing Towergate in 2015.
With Broker Network returning to the fold, Insurance Age content director Jonathan Swift reflects on why Ardonagh Group is looking Back to the Future as its plots post pandemic growth.
The consolidator announces $500m notes offering and flags £1.6bn equity valuation as it brings the network, along with Ethos Broking and Compass, back into the fold.
Updated: Some have pledged an “anti-racist” approach but there is little ethnicity data available to measure performance.
Towergate’s Joe Thelwell discusses the broker’s Q1 2020 deals and reveals he is receiving calls from brokers wishing to sell as coronavirus exacerbates the hardening market.
As Mental Health Awareness Week draws to a close Insurance Age asks what employers are doing for the people keeping the industry moving as they cope with Covid-19.
The business highlighted Ebitda and acquisitions as it points to “limited” Covid-19 impact.
Paul Dilley will replace Adrian Sweeney after a handover period.
Insurance Covid-Cast episode seven: Empathetic, sympathetic and offering strategic guidance – how brokers are managing clients in lockdown
In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how brokers maintain their ‘trusted adviser’ status during these difficult time.
Insurance Covid-Cast - episode four: How insurance companies are rising up to help communities and keep society open during the Coronavirus crisis
In the latest episode of Insurance Post and Insurance Age’s new series of video casts brought to you while our journalists are in isolation lockdown we discuss how insurance companies are seeking to make a difference within local communities during…
Sector also welcomes Ant Middle, who is set to take over the reins in June.
Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015.
Broking, underwriting and travel profits all fell, as the group renegotiates its loans to accommodate for lengthy travel suspensions.
Keep up to date with the latest market moves.
As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.
More than 70% of staff now work from home, and headcount is “typically less than 5%” at offices.
Losses for the group shrank as operating profit grew to £3.4m as broker reports 3.3% organic growth.
The “significant” breaches meant some customers did not get annual review statements for up to six years.
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
Deal creates UK broker “unicorns” as Marsh moves to number two on the global broking table.
Ardonagh's Geo Underwriting has exchanged contracts to buy the trade and assets of the agriculture specialist.
The Insurance Age team talk about the top stories for the week.