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25 February 2018

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Ardonagh Ebitda up a fifth in maiden earnings report

Adam McNestrie 21 September 2017

The Ardonagh Group posted adjusted Ebitda of £57.6mn ($78.0mn) in the first six months of 2017, a 21.3 percent pro forma rise year-on-year, in its first reported numbers since its creation earlier this year.

The broad-based insurance group, which is headed up by former AJ Gallagher International CEO David Ross, also disclosed organic growth of 3.7 percent, booking half-year revenues of £252mn.

Ardonagh, then known as KIRS, was created in April as HPS Investment Partners and Madison Dearborn brought their...

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