Ardonagh
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Leather, who is set to join in summer, will report to group finance officer Nick Moss. -
The acquisition comes less than a week after Ardonagh agreed to acquire Dutch specialist commercial lines broker Klap.
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The acquisition comes after Ardonagh entered the Netherlands market in October 2022 through the purchase of Léons Group.
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The fast-growing group – which did not exist when the UK voted to leave the EU – is now close to $500mn of adjusted Ebitda.
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The specialty business – which includes Price Forbes and Bishopsgate – reported 16% organic growth in an integration year.
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The intermediary has named leaders for each line of business within the two divisions.
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Morgan Stanley has reached out to sponsors in recent weeks after initial attempts to source a US strategic tie-up.
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Alun Thomas will report to Bermuda CEO Chris Bonard.
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The pair will depart as Ron Hayes arrives to drive an acceleration of the specialty unit’s placement strategy.
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The marine expert worked for Ed for five years, after a career working with Marsh, Miller and Aon.
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John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.
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The team will be headed up by Nikki Melbourne who previously led the team at Besso Re.
