Bennetts
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.
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 investigation into Ardonagh's Bennetts deal
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.
Ardonagh buys Broker Network-owner Bravo Group
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.
Saga profits drop ahead of expected Covid-19 hit
Broking, underwriting and travel profits all fell, as the group renegotiates its loans to accommodate for lengthy travel suspensions.
Ardonagh posts 2019 results
Losses for the group shrank as operating profit grew to £3.4m as broker reports 3.3% organic growth.
Insurance Age Podcast: 21 February 2020
The Insurance Age team talk about the top stories for the week.
Bennetts deal to cost Ardonagh £26m
Motorcycle broker will join Autonet, Carole Nash and Swinton as part of Atlanta.
Ardonagh signs on to buy Bennetts from Saga
Ardonagh’s Atlanta division has exchanged contracts to purchase the motorcycle specialist broker.
Saga considering sale of Bennetts for second time, say reports
Reports suggest Saga is now under pressure from new investor Elliott Advisors.
Saga buys bike broker Bennetts for £26.26m
Deal takes firm up to approximately 20% of UK motorbike insurance market.
Alan & Thomas buys Bennetts Commercial
Broker buys fellow Brokerbility member, Basingstoke-based Bennetts Commercial as it seeks to grow in south west.
Bennetts expands customer reach
BGL-owned firm has launched a new team to deal with specialist requests.
The BGL Group expands board
The BGL Group has appointed David Downie to its board as group director of intermediated businesses.
Bennetts rebrands to become major player in the South
Insurance Broker Bennetts Commercial has unveiled its rebrand.
Bennetts hires regional director from Jelf Group
Insurance broker Bennetts Commercial has appointed Carole Lowe as a director to its senior management team.
BGL Group's income and profits grow
The group said the success of its price comparison site Comparethemarket.com has helped boost profits