Guy Penn & Co becomes the latest Ethos regional broking powerhouse.
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.
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.
Deal is broker's second since becoming an Ethos Broking partner last August.
The pay-by-mile brand is now working with the network to offer its product to a wider audience and members will gain access to the products over the next few weeks.
The former Jelf boss had been chairman of both Broker Network and Compass since April 2018.
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
The organisation has purchased Perry Appleton which is based in Rugby and controls £7m in GWP.
With Marsh merging its three networks under one banner and consolidation continuing to reduce the pool of potential broker members, Martin Friel investigates what the future holds for networks.
Vincent Gardner, Alan Sumner, and Peter Foster will also join Ethos Broking’s executive team.
Exclusive: The business transformed from a broker to a network and franchise model last year.
Senior VP of international operations, Jeff Purdy, says the software house's growth opportunity in the UK is "material" as Joe Sultana joins Andy Fairchild on its new European leadership team.
Software house says appointment of the former Broker Network boss is part of a plan to significantly grow its UK and Ireland operations.
Ida Axling predicts further changes on the networks scene after Marsh Commercial combines its three propositions.
The former Broker Network CEO joined Jensten (formerly Coversure) in July last year.
Ethos-owned broker has now made ten deals in the last three years.
Deal is broker's sixth since Ethos Broking took a majority stake in the business in 2018.
The deal takes the number of Greenwood Moreland offices to three.
Lincoln will move into an advisory role for Compass-owner Bravo Group from 1 January 2020 as Scott Bennett takes on role overlooking both Compass and Broker Network.
The former director of broker e-trade has joined the parent company of Broker Network, Compass and Ethos Broking.
Acquisition is Weald Insurance’s first deal since becoming an Ethos Broking partner in 2018.