Ardonagh Group
The Ardonagh Group claims to be one of the world’s largest independent insurance distribution platforms and a top 20 global broker.
It has a combined workforce of over 10,000 people and a network spanning 200+ locations in more than 30 countries.
Across its portfolio, Ardonagh offers a diversified range of insurance-related products and services across the full insurance value chain globally. From complex multinational corporations to individuals purchasing personal insurance policies.
In the UK the Ardonagh Advisory platform includes Towergate which employs 2,000 people providing insurance products to small and medium sized enterprises (SMEs), corporate clients and specialist personal cover; and Bravo Networks which houses two of the largest networks of independent regional brokers in the UK: Broker Network and Compass.
The Ardonagh Group reported pro forma income for 2023 of $1.9bn (£1.45bn) and pro forma adjusted EBITDA of $695m, including completed and committed acquisitions to 20 March 2024. Ardonagh’s shareholders are Madison Dearborn Partners, LLC (MDP) and HPS Investment Partners (HPS).
Ardonagh looking at deals worth £500m
CEO David Ross says focus will be on integration and international expansion.
Towergate owners post £261m loss for 2017
Ardonagh Group reveals Ebitda loss of £42.5m.
#Insagepeople: 9 - 13 April 2018
Keep up to date with all the latest people moves.
Former Jelf boss Alex Alway joins Broker Network as chairman
Alway steps up as chairman of both Broker Network and Compass following the purchase of Compass by HPS and MDP.
Mark Mugge leaves Ardonagh CFO role
Mugge to focus on "key strategic initiatives" across the company as Antony Erotocritou steps into finance director role.
Towergate and Broker Network owners HPS and MDP buy Compass
Compass sells after its 2016 MBO from Arthur J Gallagher.
In-depth - MGAs: Agents of change
The MGA sector is showing strong growth, but how is it affecting the market and is there a risk it could go pop? Sam Barrett asks
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning cast their eyes over the top stories of the week.
Quizzical questions: 26 January 2018
Test your knowledge of the week's news with our topical quiz.
Ardonagh sells remaining Broker Network stake in £30m deal
Nevada, an investment vehicle originally backed by KIRS Group, has purchased a further 19.9% of the business.
David Newman leaves Carole Nash and Ian Donaldson takes up CEO role
Handover set to complete at end of March.
Review of the year: November 2017
It was a double double in November. There were two entries for the Ardonagh Group and two for Amazon in the penultimate month of the year. But it was a new partnership between Bollington and Wilson that ultimately topped the most clicked list.
Quizzical questions: 8 December 2018
Test your knowledge of the week's news with our topical quiz.
David Bruce leaves Ardonagh Group
Paul Webley to step up to lead on commercial underwriting business.
Review of 2017: January
We look back at the biggest stories this year with January featuring Axa and Bluefin, Towergate and a big ICO fine for an insurer.
Deakin takes deputy CEO role at Ardonagh
She will still have oversight of distribution but her new role will enable her to have a more strategic role within the Ardonagh Group.
Broking Break: Your Top 5
Ardonagh’s results have once more piqued the interest of brokers as did a court case, an investment in an aggregator, underinsurance and motor profitability.
Quizzical questions: 24 November 2017
Test your knowledge of the week's news with our topical quiz
Adjusted Ebitda hits £79.1m for Ardonagh Group
CEO David Ross says results for the Towergate-owner were strong with positive income and Ebitda growth in the nine months to 30 September 2017.
Midas takes on Direct Group’s commercial business
Midas, part of Ardonagh Group, will take over Direct’s specialist business as it looks to grow GWP to £100m.
Broking Break: Your top five
Mergers, acquisitions, new Ardonagh leadership and a fresh FCA inquiry all hit the headlines this week.
Deakin: The fix is over at Ardonagh
Deakin sets out the new structure as she hands over the CEO insurance broking role to Rob Worrell.
Rob Worrell joins Towergate-owner Ardonagh as CEO insurance broking
Worrell, who left Marsh-owned Jelf earlier this year, replaces Janice Deakin who steps up as CEO of distribution for Ardonagh.