Ardonagh
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The deal values Ardonagh’s UK personal lines business at around £1.2bn and creates a business with millions of customers. -
The exec is reunited with former LSM colleague Mark Stephenson, who joined the broker earlier this year following a 12-year stint at the carrier.
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Sources said Baron is joining Price Forbes after nearly seven years at Aon, where he was managing director based in South Florida.
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The recruitment continues a period of expansive hiring for the intermediary.
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Dave Cahill and Adam Power have resigned, as Miller managed to shore up remaining members of its casualty team.
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They are the latest additions to the Ardonagh team, which has been on a major hiring push.
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Nine mariners from the former Ed Broking brand have resigned from Ardonagh, as the broker continues its brand consolidation.
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The business development and market relationships head will join the Ron Hayes-led unit, focusing on specialty.
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Roger Smith will be building a UK A&H and life team, while Steve Rance looks to develop a global mortgage and credit unit.
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Group head of M&A Andy Wallin will take over reinsurance and capital on an interim basis.
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The moves follow a pattern of prolific hiring in which 200 production staff were added across the group’s London business in 2022.
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The deal would create a consumer distribution behemoth with more than £200mn of Ebitda.
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