Ardonagh looking at deals worth £500m
CEO David Ross says focus will be on integration and international expansion.
Ardonagh Group CEO David Ross has stated that the company’s 11.3% increase in income in 2017 has proved the “commercial viability” of bringing together the different businesses in the group.
In its financial results for the year ended 31 December 2017 the broker posted an income of £535.7m for 2017 (2016: £481.3m). However, it also revealed a £260.9m loss for the year.
Acquisitions
Since the creation of Ardonagh in July 2017 the company has spent £83m on acquisitions including Carole Nash
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