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).
Ingenie founder Richard King unveils new telematics insurer backed by Gary Lineker
InsurTech start-up to launch next year following partnership with Munich Re.
Ardonagh sells Direct Group’s claims business for £36m
Figure dependent upon performance.
François-Xavier Boisseau a “big loss” to Ageas
But most brokers believe the insurer’s planned restructure is positive.
Gilles Normand leaves Swinton
CFO Scott Kennedy becomes CEO on interim basis.
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Close Brothers wins Swinton account in £60m deal
Move seen as first step in Ardonagh “monetisation” strategy.
Swinton reveals £32m loss for 2017
Turnover also dipped at the broker, which is set to be bought by Ardonagh, as number of live policies fell to 1.6m.
Blog: Covéa says goodbye to Swinton
Jonathan Swift reflects on the long and bumpy road to an amicable divorce for Swinton and former owner Covéa.
Podcast: The top five stories of the week
Insurance Age's news editor and reporter discuss the top stories for the week commencing 24 September.
Quizzical questions: 28 September 2018
Test your knowledge of the week's news with our topical quiz.
Management and integration key to Ardonagh success with Swinton, say experts
The £165m price tag seen as fair after initial estimates went as high as £450m.
Ross hails Swinton's "significant transformation" as he rules out more retail buys
CEO says Swinton deal took a year to complete as Ardonagh confirms that Autonet MD Ian Donaldson has been involved in negotiations.
Covéa to focus on underwriting after Swinton sale
Personal lines broker being sold to Ardonagh for £165m.
Ardonagh pledges to keep the Swinton brand
Janice Deakin to be in charge of Ardonagh’s personal lines business following £165m deal as Swinton hailed the "missing piece" in the group's personal lines offering.
Ardonagh buys Swinton for £165m
Deal for personal lines specialist adds over one million customers to the group.
Podcast: Allianz’s Sarah Mallaby gives her view on five stories from the week
Mallaby discusses Marsh’s takeover of JLT, cyber issues in the market and insurance fraud.
Gallagher and Ardonagh in legal dispute
Case involves alleged staff poaching by former Gallagher employees now working within the Ardonagh Group.
Video: Norwich regional review part two
Insurance Age returns to the city to quiz the insurance experts.
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Bayles tackles chartered status, InsurTech and consolidation.
Ardonagh silent on partial sale of Direct Group to Davies report
All parties decline to comment.
Podcast: LV's Michael Lawrence on the top five stories of the week
Lawrence joins Insurance Age to discuss this week’s most read stories including Ardonagh, the CII and commissions.
Quizzical questions: 24 August 2018
Test your knowledge of the week's news with our topical quiz.