Ardonagh Group
The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker.
It claims to be “a collection of best-in-class entrepreneurial and specialist brands” with a combined workforce of more than 10,000 people and a network spanning 200+ locations in more than 30 countries. Across its portfolio, Ardonagh offers a highly diversified range of insurance-related products and services across the full insurance value chain globally.
From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs.
Consolidation of the consolidators next step as broker M&A targets reduce
IMAS director John Nisbet discusses how consolidators can continue to grow and warns that private equity backers could move on from the sector as a result of a “diminishing opportunity” in the broking market.
Ardonagh buys specialist M&A broker
Hemsley Wynne Furlonge, which will be bought by Ardonagh subsidiary Hamilton Investment Bidco, brings £10m of revenue and 17 staff to the group.
Ardonagh makes Australian move
Resilium, a network with 150 ARs across Australia, has joined the consolidator.
Ardonagh buys specialist PI broker
Hera Indemnity, which specialises in professional indemnity insurance for solicitors and brings GWP of £41m, will become part of Ardonagh Advisory alongside brands including Ethos Broking, Broker Network, Compass UK and Towergate's regional branch…
Finch buys Compass member Headley Group
Headley brings over £13m in GWP to the Ethos-owned broker.
Compass London Markets teams up with Bishopsgate Insurance Brokers
Parent company Ardonagh says move will give UK brokers access to the Lloyd's market and follows its deal to buy Compass owner Bravo Group in August 2020.
Berkeley Alexander develops landlord product
The provider has teamed up with Auto Legal Protection Services for the legal expenses and rent guarantee proposition.
Geo Underwriting moves into the captive market with latest acquisition
The purchase of Robus by the Ardonagh-owned MGA has been hailed as a “powerful addition” by Geo CEO Derek Coles.
Ardonagh reveals 14.4% growth in adjusted Ebitda
The business says it has a "robust forward-looking pipeline" after making five deals in Q3 2020.
Ardonagh Specialty reshuffles management team
Broker makes series of promotions as it revamps its top team.
Geo Underwriting expands into marine and leisure with deal
Ardonagh's MGA arm buys £8.5m GWP book of business from KGM.
ICO confirms investigation into Ardonagh cyber incident
Ardonagh says it has found no evidence of customer, carrier, or broker data leaving its estate as the Towergate website remains unavailable.
A-Plan deal sees Howden become "new force" in regional broker space
What next for Howden following the investment from HG and its buy of A-Plan? Insurance Age talks to key experts.
Ardonagh buys Lloyd Latchford
Motor broker will be brought into the Atlanta Group, joining Autonet, Carole Nash and Swinton.
CMA forces Ardonagh to u-turn on £26m Bennetts buy
Ardonagh has proposed to reverse the deal and divest of the motor broker following the threat of an “expensive and burdensome” phase two competition probe.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Aston Lark hires UK Retail MD
Warren Dickson will take up the newly created role next month.
CMA: Ardonagh’s Bennetts buy raises competition concerns
Government body says Ardonagh and Bennetts have five working days to address the CMA’s concerns, after it found that the merged company would face “only little competition” from other much smaller motorcycle insurance specialists.
Saga announces £150m equity capital raise
Former owner and CEO, Sir Roger De Haan, is expected to invest up to £100m in the business as he returns to the board as non-executive chairman.
Ethos Broking makes first deal since takeover by Ardonagh
Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
Ardonagh buys Thames Underwriting
The MGA, which specialises in the construction, leisure and commercial sectors, brings £20m of GWP to Ardonagh and will operate within Geo Specialty Group.
UK Broker Awards: Meet the Shortlist - Personal Lines Broker of the Year
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Personal Lines Broker of the Year.
CMA orders Ardonagh to keep Bennetts separate as deal completes
Ardonagh’s £26m purchase of the motorcycle specialist approved by the FCA, but the ongoing CMA inquiry looking at how the transaction impacts competition in the market continues.
CMA launches official inquiry into Ardonagh’s Bennetts deal
The regulatory body must make a decision on whether to refer the merger for further investigation by 16 September this year.