Ardonagh
-
The MGA has also appointed Probitas alumnus Kiran Wignall. -
The deal, revealed by this publication in December, values the firm at $14bn.
-
Reported income for the year rose 24% to $1.98bn.
-
The insurer has participated on McGill and Price Forbes facilities, as well as Amwins.
-
Ian Donaldson and Craig Ball will rejoin Ardonagh in new roles focused on AI.
-
The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
-
Insurance Insider revealed yesterday Stone Point will join Madison Dearborn and HPS as shareholders.
-
It is understood that Lectio is now at ~$160mn of premium and could rise to $270mn next year.
-
Paul Nolan is expected to join Globe in July 2025.
-
-
Geo Europe CEO Walter Craft will remain with the financial lines business.
-
The downstream market is expected to soften in the second half of the year.
-
The broker has spent the bulk of his career handling major accounts.
-
The broker will become director of marine at the Ardonagh subsidiary.
-
Dan Walsh has led Aon Client Treaty for the past six years.
-
Capital is looking for opportunities to build international specialty businesses out of EC3.
-
The Ardonagh brand hired several casualty brokers from Miller last summer.
-
Current Bermuda CEO Chris Bonard will become president of the unit.
-
The acquisition brings international M&A opportunities and a pipeline of London wholesale business.
-
Paragon co-CEOs James Kalbassi and Tara Falk will become Ardonagh shareholders.
-
The buyer intends to fund the transaction with approximately 50% equity and 50% debt.
-
The broker had been vying with Marsh McLennan and AJ Gallagher.
-
Pro-forma income hit $1.9bn for the year, alongside pro-forma Ebitda of $695mn.
-
The talks are advanced, and the process is likely to move rapidly.
-
The broker aimed to secure better terms and borrow more from public lenders.
-
The pair hail from Miller and Aon respectively.
-
The challenger broker is continuing to build out its presence on the island.
-
The broker has used Whitespace since 2019.
-
Rance’s remit will include credit, marine, cyber, parametrics and motor.
-
The former Accredited CEO spent most of his career at Aon Reinsurance.
-
Investors are still keen on UK broking – but they may expect more for their money.
-
Price Forbes will become the dominant brand, while international CEO Ferguson will exit the business.
-
The transaction will reduce the firm’s reliance on private debt deals.
-
The regulator is calling for comments on the deal by 13 February.
-
The senior upstream energy broker departed Marsh last autumn.
-
The executive will lead for the EMEA region in its strategy and development business segment.
