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).
David Ross accused of “not caring” about acting lawfully
Ardonagh’s CEO denies accusation as he is cross-examined on staff poaching and loan allegations on day 10 of the explosive Gallagher vs. Ardonagh trial.
Podcast: The top five stories of the week
Ida Axling and Siân Barton address the top news pieces over the past five days.
Simon Matson says ‘complicated fat Arab’ slur regrettable but not discriminatory: Gallagher v Ardonagh
Gallagher UK CEO Simon Matson yesterday gave evidence in the dispute between Gallagher and Ardonagh and others, in which Gallagher alleges its staff were unlawfully poached.
Court hears defendants' opening statements in Gallagher vs Ardonagh trial
The legal dispute between Gallagher and Ardonagh continued today, with lawyers for the defendants concluding their opening statements.
David Ross attends court as Gallagher v Ardonagh trial commences
Court hears lawyers from both sides outline their arguments on first day of the 12-day long trial.
Expletive-laden broker spat court documents exposed
Gallagher vs Ardonagh: Skeleton argument alleges Simon Matson called former employee a “complicated fat arab” but Gallagher described the defence claims as a “blatant…attempt to distract”.
Gallagher alleges Ardonagh carried out 'carefully planned conspiracy' to poach employees
The departure of a number of employees from Gallagher subsidiary Alesco in 2017, who went on to join an Ardonagh energy division, was “the product of a carefully planned conspiracy”, Gallagher will claim.
'Employees are not chattel': Peter Burton defence in Gallagher staff poaching case
Peter Burton was treated as a “traitor” after leaving Alesco for Bishopsgate, his defence will say.
Court sets date for Gallagher vs Ardonagh dispute
A court has set a date for the first hearing in the alleged staff poaching dispute between Gallagher and Ardonagh.
Broking break: Your top five
M&A is the standout topic of interest for brokers as we ring in the New Year.
Ardonagh’s Swinton takeover goes through
Deal for £165m was agreed in September.
Review of the year: September 2018
As the sweltering heat continued into September brokers saw opportunities in Marsh's JLT deal and were also interested in Ardonagh buying Swinton and RSA's shock profit warning.
Ex-Towergate and Aviva boss Mark Hodges joins ReAssure for IPO
Swiss Re-owned firm anticipates IPO in 2019.
Review of the year: June 2018
RSA and Aviva were the talk of the town amongst brokers in June as rumours swirled that Allianz was targeting a big UK acquisition. Swinton's sale also caught brokers attention along with hack day, which explored what brokers should do to stave off a…
Review of the year: April 2018
In the main, the news of Amanda Blanc's move from Axa to Zurich dominated the headlines in April. Brokers were also particularly interested in the FCA's warning round renewal transparency, Towergate's financial results for 2017 and Jelf, which made its…
Fusion sports team moves into Geo Specialty after Ardonagh sale
UK construction portfolio also ring-fenced from deal.
Quizzical questions: 30 November 2018
Test your knowledge of the week's news with our topical quiz.
Ardonagh maintains organic growth as losses shrink
Performance breakdown shows improved retention and new business figures.
Ardonagh nearly halves loss in first 9 months of 2018
Business posts loss of £48.9m along with income growth.
Podcast: The top five stories of the week
The Insurance Age team discuss the top five stories from the past week featuring fines, the FCA, Ardonagh and Reich.
Quizzical questions: 2 November 2018
Test your knowledge of the week's news with our topical quiz.
Ardonagh raising $225m debt for deals
Finance to cover Swinton takeover and more.
Podcast: Certus' Ben Welsh looks at the top five stories of the week
The unrated insurer debate, technology and consolidation all come under the microscope.
Quizzical questions: 19 October 2018
Test your knowledge of the week's news with our topical quiz.