Ardonagh
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Pro-forma income hit $1.9bn for the year, alongside pro-forma Ebitda of $695mn.
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The talks are advanced, and the process is likely to move rapidly.
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The broker aimed to secure better terms and borrow more from public lenders.
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The pair hail from Miller and Aon respectively.
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The challenger broker is continuing to build out its presence on the island.
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The broker has used Whitespace since 2019.
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Rance’s remit will include credit, marine, cyber, parametrics and motor.
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The former Accredited CEO spent most of his career at Aon Reinsurance.
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Investors are still keen on UK broking – but they may expect more for their money.
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Price Forbes will become the dominant brand, while international CEO Ferguson will exit the business.
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The transaction will reduce the firm’s reliance on private debt deals.
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The regulator is calling for comments on the deal by 13 February.
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The senior upstream energy broker departed Marsh last autumn.
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The executive will lead for the EMEA region in its strategy and development business segment.
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Price Forbes has been hiring across specialty lines, and recently appointed Howden’s cargo head Jonathan Eaton.
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Woolley joined Aon in 2019 as an associate director and has previously worked as head of broker distribution for First Title Insurance.
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Anthony Erotocritou is now group chief commercial officer, as Andrew Wallin takes the specialty helm.
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The downstream brokers will join Price Forbes alongside former colleague Dan Nicholls, who left Miller last month.
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Brokerslink has appointed Antony Erotocritou as a board director representing Ardonagh Specialty.
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The $10bn broking firm is progressing in its pivot towards specialty and international business, and an asset management model.
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The intermediary business booked 9.5% organic growth in P&C and 14.9% growth in specialty in the first nine months of 2023.
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The senior retro/specialty broker spent 26 years at Willis Re, which was acquired by Gallagher in 2021.
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The Swiss business controls around $1.3bn in premium.
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