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 buys £20m GWP PI specialist broker
Ardonagh Advisory has added to its professional indemnity portfolio buying The Professional Broking Group which trades as The Professional Indemnity Company.
Ardonagh restructures UK commercial and retail MGA offerings
Ardonagh has reorganised its UK commercial and retail MGAs, with businesses and brands aligned by client type across its platforms, Insurance Age can reveal.
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.
Ardonagh posts double digital advisory growth but retail fall
Ardonagh achieved 12.1% growth in advisory income in the third quarter but turnover in retail dropped 11.3%.
Ardonagh confirms Lorega cost £28.8m
Ardonagh paid £28.8m in cash to buy loss recovery insurance managing general agent and assistance specialist Lorega, the consolidator has confirmed.
Atlanta reveals Be Wiser price tag
Ardonagh paid £6.3m in cash for the business and assets of motor broker Be Wiser Insurance last year.
Ardonagh buys Stallard Kane
Ardonagh Advisory has bought Stallard Kane Group, a provider of health and safety, HR, training, and employment law compliance consultancy services.
Trail: Premfina remains ‘very, very, ambitious’ despite £9.8m loss
Premfina Limited posted a £9.8m loss in its reserves last year, but has pledged to continue spending in its bid to become a major force in the insurance premium finance sector.
Aviva adds Dave Martin as Gareth Hemming exits
Aviva has confirmed the appointment of Dave Martin as managing director of UKGI distribution & SME replacing Gareth Hemming who is leaving the insurer.
A-One launches academy
A-One Insurance Group has launched a grow-your-own academy to bring new employees into the industry.
Blog: What next for ex-Zurich retail boss Martin?
As revealed by Insurance Age, Zurich head of retail Dave Martin has flown the nest. With the next home yet to be announced Emmanuel Kenning looks at where he might land
Lloyd’s cuts off online delegated authority platforms amid cyber threat
Lloyd’s took swift action yesterday to safeguard its online security by resetting its systems and switching off all external connectivity after discovering “unusual activity” on its network.
Ardonagh Specialty to buy Oxford Insurance Group
Ardonagh Specialty has signed up to acquire Lloyd’s broker Oxford Insurance Group.
Mark Coffey named personal lines and e-trade director at Premium Credit
Former RSA leader and director at Ardonagh-owned Atlanta, Mark Coffey, has joined Premium Credit as personal lines and e-trade director.
Biba and FCA call off events in light of Queen Elizabeth's death
The British Insurance Brokers’ Association and the Financial Conduct Authority have decided to postpone events that were scheduled before the funeral of Queen Elizabeth II.
Insurers and brokers pay their respects to Queen Elizabeth II
Insurance brokers and insurers have paid their respects following the death of Queen Elizabeth II yesterday.
Ardonagh adjusted Ebitda grows to £186m in H1 2022
Ardonagh has announced that its income rose by 37% to £595m ($791m) and adjusted Ebitda by 21% to £186m ($247 million).
Jaime Swindle becomes CEO of the UK commercial MGA at Geo Underwriting
Jaime Swindle has started a new position as CEO of the UK commercial MGA at Geo Underwriting having moved across to the unit's leadership team in December.
Lorega finds “natural home” at Ardonagh
Lorega will go to the “next level” under Ardonagh’s ownership, former leader and current CEO of Vizion Insurance Brokers John Sims has predicted.
Ardonagh buys Lorega
Ardonagh’s managing general agent segment Geo Underwriting has bought loss recovery insurance MGA and assistance specialist Lorega, Insurance Age can reveal.
Opinion: D&I – how a difference can be made
Ardonagh Advisory lead Rob Worrell shares his view on how the biggest demographic in broking – middle-aged white men – can support the diversity & inclusion agenda.
Blog: Chubb Masterpiece – The class of 1996
As the HNW space undergoes change with Aviva moving further into the market, HNW expert John Sims has reflected on the talented team he worked with at Chubb’s Masterpiece brand through 1996 to 2007 and asked, ‘where are they now?’
Ardonagh buys Alice Castle
Ardonagh Advisory has agreed to buy professional indemnity and cyber insurance specialists Alice Castle, Insurance Age can reveal.
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.