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).
Ardonagh losses fall to £32.8m
Investor report shows growing income but legacy costs hit £9m for the first six months of 2018.
AFL Insurance Brokers hires new CFO from Towergate
Chris Gagg replaces current CFO Keely Dalfen who will remain as an advisor to the business.
Ex Rural MD Ian Barclay pops up at Ardonagh
Barclay takes on newly created MD for Property Retail post at Direct Group.
Nexus deal could be “weeks rather than months”
MGA confirmed potential sale process at the start of the year.
#insagepeople 18 - 22 June 2018
Stay up to date with the latest people moves.
Podcast: The top five stories of the week
Insurance Age’s senior reporter and reporter discuss the stories behind the stories of this week's most read.
Quizzical questions: 15 June 2018
Test your knowledge of the week's news with our topical quiz.
Ex-Lloyd's CEO Richard Ward joins Ardonagh
Ward takes on newly created role of executive chairman of specialty & international and MGA at the firm.
Ardonagh expands into reinsurance with Prices Forbes Risk Solutions
New offering to be headed by David Barrie.
Ardonagh-owners Highbridge and MDP buy healthcare broker from Axa
Insurer says its UK strategy is that whole of market intermediaries are best placed within businesses focused on distribution.
Podcast: The top five stories of the week
Insurance Age’s editor and reporter get behind the headlines of the most read stories of this week.
Towergate-owner Ardonagh adds £98.3m to coffers
The business has increased its spending pot as market speculation grows around its interest in Swinton.
Private equity most likely buyer in Swinton sale
Brokers speculate that a house specialising in “turnaround” could buy the broker which is believed to be on the market for £400m.
European Commission approves two deals for Ardonagh owners
HPS and MDP are set to add to their insurance portfolio with the acquisitions of Capita Specialist Insurance Solutions and PFP.
Podcast: The top five stories of the week
Insurance Age's content editor and senior reporter discuss the most read stories of this week.
Ardonagh posts £14.1m loss for Q1 2018
Ebitda grows to £23.1m as investor report reveals book acquisitions and legacy costs of £2.5m.
Blog: Eight things to look out for at Biba 2018
As the UK insurance sector descends on Manchester for the 2018 British Insurance Brokers' Association Conference, Jonathan Swift predicts some of the key talking points on the floor and in the bars around the venue.
Ex-Oak Underwriting boss Mark Coffey joins Ardonagh
Coffey appointed commercial director for Autonet and Carole Nash.
Podcast: The top five stories of the week
Emmanuel Kenning and Ida Axling review the top articles as clicked on by brokers.
Profile: Rob Worrell, CEO insurance broking at the Ardonagh Group
Back for good: Rob Worrell thought he was done with insurance after “falling out of love” with the sector. He tells Insurance Age how he was tempted back by the CEO insurance broking role at Ardonagh
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning look at the top stories in a week with a somewhat different feel to it.
Ardonagh picks up selected renewal rights from Ageas Retail in £7m deal
Ageas says sale to Autonet gives customers peace of mind across Kwik Fit Insurance Services, Auto Direct, Cover Direct and Regal.
Podcast: The top five stories of the week
Siân Barton and Emmanuel Kenning analyse two key stories from the past week.
Quizzical questions: 20 April 2018
Test your knowledge of the week's news with our topical quiz.