Ardonagh
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Reported income for the year rose 24% to $1.98bn. -
The insurer has participated on McGill and Price Forbes facilities, as well as Amwins.
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Ian Donaldson and Craig Ball will rejoin Ardonagh in new roles focused on AI.
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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
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Insurance Insider revealed yesterday Stone Point will join Madison Dearborn and HPS as shareholders.
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It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
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Paul Nolan is expected to join Probitas in July 2025.
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Geo Europe CEO Walter Craft will remain with the financial lines business.
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The downstream market is expected to soften in the second half of the year.
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The broker has spent the bulk of his career handling major accounts.
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The broker will become director of marine at the Ardonagh subsidiary.
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