Ardonagh
-
The deal multiple is estimated at around 13x Ebitda of roughly £20mn. -
CEO Ross says no deal out of his firm’s reach as it readies for further M&A in 2020.
-
Organic revenue growth comes in at 4.6 percent, while specialty profit rises sharply.
-
Mr Justice Freedman singles out Gallagher’s UK CEO Simon Matson as “partisan” and “quick to anger”.
-
The judgment brings to a close a bitter poaching suit.
-
An important distinction is emerging in the broker and MGA world that is driving a two-tier system of valuations.
-
The CEO suggested the company may consider a liquidity event within five years to fuel its growth ambitions.
-
Soaring earnings and sky-high valuations are likely to fuel expectations business will look for a partial liquidity event.
-
Broking profits were up by more than 36 percent at the David Ross-led intermediary.
-
The £860mn equity value highlights the turnaround at the insurance group, led by CEO David Ross, since HPS’ initial 2015 buy-in.
-
The former RFIB CEO will take up the position subject to regulatory approval.
-
A verdict in the poaching trial is a minimum of three months away after closing statements completed.
Most Recent
-
Daily Digest: Top news from 18 July
18 July 2025 -
Coverys confirms MGA AEC’s sale to Edge
18 July 2025