Ardonagh
-
The report predicts broker M&A will continue at pace.
-
The £31mn deal includes MGA Geo Underwriting.
-
The insurance group has exchanged debt notes alongside the transaction.
-
MGA business returns to the black as specialty and international business remain flat.
-
Geo Underwriting's commercial lines businesses move over to Arch Insurance Europe.
-
Both sides have walked away from a potential deal at a late stage.
-
The end of the review trounces Ardonagh's hopes of securing the MGA.
-
The deal partners announce a long-term claims handling and loss adjusting agreement.
-
The former RFIB CEO will replace Russell Benzies next week.
-
The buyer says it will "monetise" certain Swinton assets and draw on committed bank debt to help finance the deal. -
Richard Ward will take over Newman’s responsibilities as specialty chief at Ardonagh.
-
The negotiations enter an advanced stage as the David Ross-led bidder continues to pursue MGA Nexus and work on the sale of its UK general commercial MGA.
Most Recent
-
Fidelis Insurance Group hires IQUW’s Waddell-Dudley as London CUO
11 September 2025 -
Retro broker Fallon leaves Aon for Guy Carpenter
11 September 2025 -
Dual Europe adds cargo to marine offering led by Wittoeck
11 September 2025 -
Daily Digest: Top news from 11 September
11 September 2025 -
LSM launches integrated third-party division
11 September 2025 -
BPL names Chilton non-executive chairman
11 September 2025 -
Industry weighs transparency against Blueprint Two timeline concerns
11 September 2025