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).
Broking Break: Your top five
Mergers, acquisitions, new Ardonagh leadership and a fresh FCA inquiry all hit the headlines this week.
Deakin: The fix is over at Ardonagh
Deakin sets out the new structure as she hands over the CEO insurance broking role to Rob Worrell.
Rob Worrell joins Towergate-owner Ardonagh as CEO insurance broking
Worrell, who left Marsh-owned Jelf earlier this year, replaces Janice Deakin who steps up as CEO of distribution for Ardonagh.