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: 26 July 2019
The Insurance Age editorial team dig into this week's top stories.
Ex-Ardonagh deputy CEO Janice Deakin: "I need a break from big deals"
Former Ardonagh deputy CEO Janice Deakin has stepped back at the consolidator and vowed that she needs a ‘break’ from big deals having worked on the acquisition of Swinton, but added the idea of acting as a non-executive director at another firm…
Autonet to offer jobs to majority of staff as Atlanta takes over Ageas' Stoke office
Move follows Ageas' decision to close its Stoke operations and the majority of the staff currently facing redundancy will be offered employment under the Autonet brand.
Ardonagh’s van der Veer joins Nexus
Marc van der Veer was previously CEO of international for Ardonagh MGA GEO Underwriting.
Adrian Brown becomes NED at SSP
He will remain in his current position at Ardonagh.
Quizzical questions: 24 May 2019
Test your knowledge of the week's news with our topical quiz.
Ardonagh losses decrease for Q1
Income goes up for the quarter as Swinton is credited with assisting growth despite branch closures.
Ardonagh closes 24 Swinton branches
The company's Q1 results revealed that £6m had been spent by Ardonagh on the closures.
Investors value Ardonagh at £1.9bn
Madison Dearborn Partners and HPS Investment Partners have bought more shares in the business.
Three insurance firms on FSCS insolvency list
List includes payment protection specialist British Insurance which was bought by Towergate in 2008, but stopped trading in 2011.
Ardonagh vs Gallagher judgement could take longer than three months
The long-running court battle between Ardonagh and Gallagher finally wrapped up on Friday, but a written judgement may take more than three months to arrive.
Podcast: The top five news stories of the week
Siân Barton and Aara Syed discuss the most popular stories on Insurance Age this week.
Gallagher’s closing statements begin as legal dispute with Ardonagh goes on
The staff poaching case continues as both sides make their case as the trial nears completion.
Gallagher and Ardonagh return to court as closing statements begin
QCs issue closing statements defending Peter Burton and Nawaf Hasan as staff poaching case moves to conclusion.
RSA hires personal lines MD in management reshuffle
Provider announces a number of senior departures as Ardonagh Group’s Kay Martin joins.
Former Swinton distribution director, Richard Beaven becomes COO of Brightside
Brightside said the management change was made to build stronger and deeper relationships with distribution partners in an increasingly digitised sector.
Arch buys Obelisk Underwriting
The business is to become part of the Arch UK Regional Division and follows its deal to buy Axiom Underwriting earlier this month.
Swinton performing better than expected for Ardonagh
The Ardonagh Group results showed that the personal lines broker contributed £146.3m in pro forma income.
Ardonagh losses shrink at first full year results
The business reported a total loss for 2018 of £111.6m, significant improvement on 2017's numbers.
Axiom Underwriting now part of Arch UK regional division
Deal follows Arch's purchase of Ardonagh's commercial MGA businesses last year.
Premiership Rugby stands by sponsor Gallagher after racism allegations
Liberal Democrat leader Vince Cable urged the organisation to review its relationship with Gallagher last week after racist comments from Simon Matson were brought up in the Gallagher v Ardonagh court case.
Broking Break - Your Top 5
The Gallagher vs. Ardonagh trial has borne several highly read stories this week with acquisitions and people moves also catching the interest of Insurance Age readers.
Vince Cable urges Premiership Rugby to "review its relationship" with Gallagher
The Liberal Democrat leader has written to Premiership Rugby to draw attention the Gallagher v Ardonagh trial, after Simon Matson's "complicated fat Arab" comments were brought up in court as Gallagher argues they were "taken out of context".
David Ross denies "implausible" allegation he tried to hire Matson
Gallagher-owned Alesco is pursuing legal action against an Ardonagh group company, Bishopsgate, in relation to the hiring of four former Alesco employees as Gallagher vs. Ardonagh trial continues.