Ardonagh buys Swinton for £165m
Deal for personal lines specialist adds over one million customers to the group.
Towergate and Autonet owner The Ardonagh Group has agreed to buy Swinton Group from Covéa Group for £165m.
Ardonagh stated it would fund the purchase from existing finance and with “cash from monetising certain Swinton assets”.
As previously reported Swinton has been up for sale for months with Ardonagh long tipped as likely to win the race for the personal lines specialist.
Customers
Through the purchase Ardonagh will take on £168m of turnover, over one million customers and 1.6 million live
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Personal
Sign up now for Broker Expo, the UK’s leading one-day event for insurance brokers
Powered by Insurance Age, Broker Expo is the UK’s premier one-day event for the insurance broker community – and it is only three weeks away.
Q&A: PremFina bosses Bishop and Aylott
PremFina’s leaders reveal if the premium finance provider has delivered on its promise to be profitable this year, and explain the thinking behind the string of inward investments, current broker relationships and plans for the future. Emmanuel Kenning poses the questions.
One Call returns to growth in 2025 but operating profits slip again
Doncaster-based One Call Insurance Services returned to turnover growth in 2025, expanding by just over £6m to £65.29m.
Somerset Bridge swings back to loss after MGA changes
Somerset Bridge Group returned to loss-making territory in 2025, one year after moving from red ink to black.
Ageas Retail slides to 2025 loss
Broker Ageas Retail, featuring Ageas Direct and Rias, has posted a loss for 2025 with revenue hit by the soft market.
FCA defends Consumer Duty to House of Lords Committee
The Consumer Duty has “teeth” and is delivering better outcomes, David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority, has told a House of Lords Committee.
Geo’s Renovation Underwriting speeds up for brokers
Private client renovation risks with a premium below £3,000 that meet the automatic approval criteria can now be priced and bound with immediate effect through Renovation Underwriting’s portal without needing manual underwriter review, the business has confirmed.
Avantia adds Accredited alongside Axa in new dual-capacity structure for Homeprotect
Managing general agent Avantia Group has added Accredited Insurance (UK) as a new co-insurer alongside Axa creating a panel for specialist home insurance business Homeprotect.