Coles leads MBO of Ardonagh retail MGA Uris Group
Uris Group, the Ardonagh-owned specialist personal lines MGA and services provider, has been sold to a new vehicle backed by its leader Derek Coles, Insurance Age can reveal.
The transaction included Doncaster-based Uris and certain selected MGA trade and assets from Belfast-based Midas Underwriting.
The deal has seen 100 members of staff transferred to the new business which will be known as UGL, led by Coles, pictured, and a new board of directors.
We have a strong and positive relationship with Ardonagh and many parts of the Group will continue to use our products and services.
The MBO follows the merger of Atlanta and Markerstudy.
With the remaining open market
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