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).
CEO Ross hails “new phase” as Ardonagh valued at £11bn after Stone Point investment
Ardonagh has announced an equity investment from funds managed by US-based private equity firm Stone Point Capital LLC, the alternative investment management specialist, that values the broking group at $14bn (£11.04bn).
Polaris at 30 – Phil Bayles
In the final day of the Polaris at 30 Q&A series Ardonagh’s Phil Bayles assesses the development of digital trading from slow, cumbersome and inflexible systems to becoming mainstream.
Ardonagh Advisory buys Rowett Insurance Broking
Ardonagh Advisory has agreed to acquire commercial and personal insurance broker Rowett Insurance Broking.
Markerstudy confirms 750 job cuts after Atlanta buy
Markerstudy has confirmed that around 750 jobs will be cut following the £1.2bn acquisition of Ardonagh’s personal lines business.
Ardonagh completes PSC buy
Ardonagh has closed the deal for PSC Insurance Group in a move which includes bolstering its advisory business with a Top 100 UK broker.
Anscombe, Thomas Carroll and Konsileo among the winners at UK Broker Awards 2024
Thomas Carroll Group scooped the Broker of the Year award, and Seventeen Group CEO Paul Anscombe won the Achievement Award, at the UK Broker Awards last night in Birmingham.
Underinsurance: how big is the problem and what can brokers do to solve it?
Inaccurate buildings sums insured are one of the biggest causes of claims disputes, creating problems for policyholders, brokers and insurers.
Towergate Health & Protection grows employee benefits business
Towergate Health & Protection has expanded its employee benefits business with the acquisition of Benefiz.
Video Q&A: Bravo Networks development director Kevin Westcott
With Broker Expo just over a week away, Bravo Networks development director Kevin Westcott spoke to Jonathan Swift about why data is such a crucial aspect of embedding the right placement strategy for brokers.
Video Q&A: Geo Underwriting CEO Jaime Swindle
In the run-up to Broker Expo next week, Geo Underwriting CEO Jaime Swindle spoke to Insurance Age content director Jonathan Swift about why the business has a different look and feel today than in the past.
Major Ardonagh acquisition gets the green light from shareholders
Ardonagh has received approval from PSC shareholders to complete the A$2.3bn (£1.21bn) acquisition of the Australian broking business, with the transaction expected to close around 11 October 2024.
Six-year low, but 76% of UK properties still underinsured
The percentage of UK buildings underinsured has dropped to 76%, which while a six-year low is still “unacceptably high”, according to specialists.
Ardonagh Advisory buys R K Henshall
Ardonagh has acquired chartered insurance broker R K Henshall & Co based in Sandbach, Cheshire, subject to regulatory approval.
Markerstudy Distribution CEO Donaldson unveils top team
Markerstudy Distribution has confirmed its top team under CEO Ian Donaldson following the completion of the Ardonagh personal lines deal at the end of June.
Interview: Tuplin on turning up the heat with Ardonagh
Richard Tuplin, CEO of Advisory Insurance Brokers at Ardonagh, shares his insights on leading the transformational change that is garnering praise from the sector and the non-negotiable culture that is bringing success.
Paragon buys Cox Mahon
Paragon International Insurance Brokers, a professional and financial lines subsidiary of PSC Insurance Group, has bought PI specialist Cox Mahon.
Zurich sells Navigators & General to Ardonagh’s Geo
Geo Underwriting is buying marine insurance provider Navigators & General from Zurich UK, with the deal expected to close before the end of the year.
Ardonagh Advisory notches up fifth buy of 2024
Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers, a community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with a reach in London and other areas of the country.
And the BIA 2024 broker award winners are…
Former British Insurance Brokers’ Association CEO Steve White was honoured with the Achievement Award at last night’s British Insurance Awards.
Markerstudy and Atlanta merger completed
Ardonagh has confirmed the completion of the Atlanta Group and Markerstudy merger.
Ardonagh buys BP Insurance Brokers
Ardonagh Advisory has bought Lancashire regional and specialist personal lines broker, BP Insurance Brokers.