Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…
Move follows Ageas' decision to close its Stoke operations and the majority of the staff currently facing redundancy will be offered employment under the Autonet brand.
Experts say deal is "good fit", despite the possibility of it limiting choice in the market.
Scrutiny of unrated insurers and the #insuretrek18 were highlighted as the best things to happen in insurance this year. But who said what?
As the sweltering heat continued into September brokers saw opportunities in Marsh's JLT deal and were also interested in Ardonagh buying Swinton and RSA's shock profit warning.
Performance breakdown shows improved retention and new business figures.
Business posts loss of £48.9m along with income growth.
But most brokers believe the insurer’s planned restructure is positive.
Move seen as first step in Ardonagh “monetisation” strategy.
The £165m price tag seen as fair after initial estimates went as high as £450m.
Deal for personal lines specialist adds over one million customers to the group.
Experts urge brokers to challenge their insurer panels to utilise the new template.
Both organisations have previously run the rule over Swinton and could now bid.
Ebitda grows to £23.1m as investor report reveals book acquisitions and legacy costs of £2.5m.
Coffey appointed commercial director for Autonet and Carole Nash.
Ageas says sale to Autonet gives customers peace of mind across Kwik Fit Insurance Services, Auto Direct, Cover Direct and Regal.
Ardonagh Group reveals Ebitda loss of £42.5m.
Firms advised not to take the regulator's message lightly.
Handover set to complete at end of March.
Sam Barrett explores how brokers can make the best use of app technology and looks into how to secure customer engagement.
Deakin sets out the new structure as she hands over the CEO insurance broking role to Rob Worrell.
Janice Deakin and Ian Donaldson pledge stability for the motorbike broker and say that it will be working with Autonet to enhance digital capabilities.
The Group revealed that contracts have been exchanged in the deal which is valued at between £60m and £65m and also announced it is set to purchase Mastercover.
With consolidation firmly on the agenda in the broking sector, Ida Axling talks to seven experts in the industry on the opportunities and perils