New chief financial officer and new chief risk officer at Ardonagh

Ardonagh Group today announced two senior managerial appointments.

Diane Cougill was named as new chief financial officer, and Sarah Dalgarno was named as chief risk officer.

“Diane has been working closely with the team at Ardonagh over the past couple of months on our full year 2017 and Q1 2018 financial results, closely followed by the completion of a successful £98m bond raise,” chief executive David Ross said. 

”Her advice and counsel over this time has naturally evolved into this appointment, which we are delighted to confirm today.”

Coughill will work with group finance director Antony Erotocritou.

Dalgarno has spent the last two years on a project aimed at “the unravelling of legacy issues in Towergate which sat at the heart of the turmoil that engulfed the company back in 2014,” Ross said.

”There was one person the Board and shareholders entrusted this crucial task to; Sarah and her team have successfully liquidated and removed almost 50% of Towergate’s legal entities from the organisational structure, with 80% of Towergate’s distribution business now being renewed into a single legal entity, culminating in the rollout of Acturis across the advisory branch network,” he said.