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.
Ardonagh has confirmed the closure of all Swinton Retail branches in its financial results for the six months to 30 June 2019.
An investor presentation revealed that the final 11 Swinton branches were closed in July 2019.
According to the report, Swinton’s retail business had a total of 59 branches when it was bought by Ardonagh for £165m in September 2018.
Prior to the deal, the specialist personal lines broker had announced a stream of branch closures and begun a digital transformation
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