David Ross
Ardonagh builds out in Europe with Swiss deal
Ardonagh has signed up to buy Assepro, describing it as the largest independent commercial broker for SMEs in Switzerland.
Aviva and GRP heal wounds with new deal
Aviva and GRP have entered a new partnership, Insurance Age can reveal, finally healing all the wounds of their fall out five years ago.
What does the More Than deal mean for the future of Ardonagh and RSA?
RSA and Ardonagh have their own distinct futures ahead. Ardonagh is a private equity-backed broker growing via consolidation, and RSA is intent on sharpening focus on its commercial broking relationships. The two have struck a deal on More Than's motor…
Ardonagh reports adjusted Ebidta growth of 22% to £389m
Ardonagh has increased its income by 30% to $1.5bn (£1.23bn), and adjusted Ebitda by 22% to $476m in its financial results for the 12 months ending 31 December 2022.
UK broking M&A shrinking in 2022 as market becomes saturated
UK broking deals valued at £5m and above are set to reduce in 2022 as the number of available brokers for purchase shrinks.
Ardonagh free cashflow declines to £7.8m as debt payments rise
Ardonagh’s free cashflow has deteriorated to £7.8m for the first nine months of this year as it pays off interest from its £2.68bn net debts.
Income and Ebitda up at Ardonagh Advisory in Q1
Ardonagh Advisory has posted a surge in income for the first three months of 2022 to £95.5m.
Ardonagh launches internship and graduate scheme
The Ardonagh Group has launched Ardonagh Academy in partnership with the Centre for Creative Leadership.
Up to 9000 Ardonagh staff in line for £1,000 bonuses
Employees will get the cash bonuses in April.
Income and Ebitda soars in 2021 for Ardonagh’s advisory division and up in retail
Group reveals income of £945.8m and £220.3m of Ebitda.
Ardonagh promotes Donaldson to Retail CEO
The broker has named Emma Rawlinson as Atlanta CEO and promoted Ian Donaldson to the role of CEO of Ardonagh Retail.
Blog: Ardonagh's swoop for 'brand Bayles' is a logical one rooted in past success
As Phil Bayles becomes the latest Aviva senior manager to join Ardonagh, Jonathan Swift suggests that having built his 'brand' at the insurer, he is well primed to now make his mark in the broker space.
Ardonagh posts 2019 results
Losses for the group shrank as operating profit grew to £3.4m as broker reports 3.3% organic growth.
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
2019 in review: March's top stories
The first month of Spring was dominated by the staff poaching case between Ardonagh and Gallagher.
Judge slams insulting religious references in Gallagher and Ardonagh case
Staff poaching claims brought against Ardonagh were dismissed in Friday’s judgment but one case of solicitation was upheld.
Ardonagh confirms the end of all Swinton retail branches
CEO David Ross reveals plans for Ardonagh to double in size in the next three to five years, as results for the first half of 2019 show growth in retail and broking segments.
Ex-Ardonagh deputy CEO Janice Deakin: "I need a break from big deals"
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…
Ardonagh losses decrease for Q1
Income goes up for the quarter as Swinton is credited with assisting growth despite branch closures.
David Ross accused of “not caring” about acting lawfully
Ardonagh’s CEO denies accusation as he is cross-examined on staff poaching and loan allegations on day 10 of the explosive Gallagher vs. Ardonagh trial.
Towergate owners post £261m loss for 2017
Ardonagh Group reveals Ebitda loss of £42.5m.