Everywhen
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.
Ardonagh completes £2bn debt raise and deals for Bravo Group and Arachas
The move, announced in June, brings Broker Network back into the fold as Ardonagh confirms £300m war chest to fund future deals.
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 moves forward with refinancing
The $500m ‘payment-in-kind’ toggle notes have been priced as the business progresses with £1.9bn refinancing which includes a $300m war chest.
Praise for Ardonagh’s Broker Network move but Fitch downgrades
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.
The Blog Spot: Ardonagh and Broker Network - will this lockdown family reunion have a happy ending?
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.
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.
Brokers mixed response to Black Lives Matter
Updated: Some have pledged an “anti-racist” approach but there is little ethnicity data available to measure performance.
Deal opportunities grow for Towergate as brokers seek to sell amid pandemic
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.
Head Lines: Mental health support for insurance workers
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.
Ardonagh reports Q1 results
The business highlighted Ebitda and acquisitions as it points to “limited” Covid-19 impact.
RSA hires CUO from Ardonagh
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…
Outgoing Ageas CEO Andy Watson hailed for his broker focus
Sector also welcomes Ant Middle, who is set to take over the reins in June.
Former Towergate CFO Mark Mugge resurfaces at motor broker
Mugge most recently worked at Ardonagh Group after moving across from Gallagher to Towergate in 2015.
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.
People Moves Round-up: 30 March - 3 April 2020
Keep up to date with the latest market moves.
Blog: Open or closed – the branch dilemma facing brokers
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.