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).
The Insurance Age Podcast: 31 January 2020
Laurence Eastham and Ida Axling discuss the most popular news stories this week, including changes at Marsh Commercial and Hiscox moving 300 staff out of London.
Ardonagh eyes international growth
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
Capsicum Re targets further growth following Gallagher takeover deal
Gallagher's UK boss Simon Matson addressed last year's "unfortunate" Gallagher v Ardonagh court case for the first time as he discussed the broker's full acquisition of Capsicum Re alongside CEO Rupert Swallow.
2019 in review: the year's top stories
This year's top stories featured MS Amlin, Tokio Marine Kiln, Marsh Commercial, Ardonagh, Gallagher and Amanda Blanc.
2019 in review: October's top stories
Readers were most interested by the decision of MS Amlin to exit nine lines of business following a strategy review.
2019 in review: August's top stories
Readers were most interested by closures at Swinton in August, as PIB announced its intention to seek a new investor by 2021.
2019 in review: March's top stories
The first month of Spring was dominated by the staff poaching case between Ardonagh and Gallagher.
JM Glendinning takes Stuttard from Towergate to launch north-west base
Stuttard will be based in Blackburn, Lancashire and, in addition to his Towergate role, also worked as regional manager at Swinton.
David Ross reveals heartbreak after “harrowing” Gallagher v. Ardonagh case
CEO also discusses Ardonagh’s latest set of financial results, organic growth and acquisition plans.
Ardonagh takes broker director from Aviva
Graeme MacMillan will join the business in a newly-created role in 2020.
Ebitda soars at Ardonagh but losses also rise in first nine months of 2019
Business posts rise in reported income to £505.4m, while loss increases to £67.7m as organic growth hits 4.6%.
Ex-Swinton boss Gilles Normand joins Saga amid insurance business restructure
Former Legal & General GI boss, Cheryl Agius, is set to take on CEO of insurance role as Saga reveals plans to bring together its insurance broking, underwriting and claims management businesses.
Towergate acquires Swansea-based broker
Both employees join Towergate’s Swansea office as owner Tony Nakonecznyj becomes a consultant.
The Blog Spot: “Sorry” – the final word?
Simon Matson has finally apologised after comments he made about exiting employees, described as racist and abusive were highlighted in court papers, but is it enough?
In Person: Ian Donaldson, CEO of Atlanta Group
Great Expectations: The self-made broker talks about his billion pound ambitions, lifts the lid on the Swinton deal and considers his Ardonagh bosses.
Simon Matson very sorry for “insensitive comments”
The Gallagher boss was revealed to have called one former employee a “fat complicated arab” after staff poaching court case papers came out.
The Insurance Age Podcast: 1 November 2019
The Insurance Age team unpick the most popular news stories of the week, including the Gallagher/Ardonagh court case.
Market “appalled” by revelations made during Gallagher/Ardonagh staff poaching trial
Experts are concerned about the case's impact on the reputation of insurance. Nawaf Hasan has also requested an apology from Gallagher after "fat complicated arab" comments.
Judge slams insulting religious references in Gallagher and Ardonagh case
Staff poaching claims brought against Ardonagh were dismissed in Friday’s judgment but one case of solicitation was upheld.
Ardonagh staff poaching claims dismissed in court
Gallagher has agreed to pay £3.1m towards the defendants' costs.
Brokers warn dual pricing debate should not focus solely on price
Experts say the FCA should also consider value and quality of service, after the regulator hinted at a potential ban on dual pricing in its interim report.
The Blog Spot: RIP Jelf, hello Marsh Commercial - what's in a broking brand?
As Marsh rebrands Jelf, Insurance Age content director Jonathan Swift reflects on the passing of another name heavily associated with noughties broker consolidation
Swinton closures don’t tell full story, says Donaldson
The Atlanta CEO explains that branch closures should not be viewed in isolation.
The Insurance Age Podcast: 23 August 2019
The Insurance Age team unpick the most recent and most popular stories.