Ardonagh secures $1bn of cash from Markerstudy deal
Ardonagh will receive cash proceeds of £820mn ($1.0bn) from its personal lines deal with Markerstudy, freeing up capital to reinvest in its faster-growing international and specialty platforms, this publication understands.
Earlier today, Ardonagh announced a deal to merge its personal lines broking arm – Atlanta – with Markerstudy to create a UK personal lines giant that controls over £3bn of premiums and has more than £200mn of Ebitda.
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