Ardonagh News – Page 4
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NewsArdonagh Advisory completes hat-trick of M&A deals within a week
’It’s clear that we’re always looking to have conversations with people who are interested in joining the group,’ says chief commercial officer
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NewsArdonagh Advisory continues acquisition spree with commercial broker purchase
’This is a business that has longstanding and preferential carrier agreements with leading insurer partners,’ says chief commercial officer
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NewsBrokers ‘should all welcome’ M&A amid market challenges
’The market polarising is only making it more difficult for a smaller broker ,’ says chief executive
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NewsArdonagh Advisory makes double acquisition
The subsidiary of Ardonagh Group will acquire a majority shareholding in the two business
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NewsInsurers’ service for brokers is still key challenge – Bravo Networks
Managing director believes ‘a perfect storm’ of factors has impacted insurers’ service for their broker partners – however, the situation is ‘getting into a better place’
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NewsMGAs are ‘jam in the sandwich’ between company and London markets – Geo Underwriting
Chief executive emphasises that MGAs must deliver on service and specialist propositions if they are to succeed and ‘meet the demands and needs of brokers’
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NewsArdonagh Group’s ebitda grows by 22% in 2022
The group’s chief executive believes the group has now ‘topped out’ its initial business ‘vision’
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NewsArdonagh Specialty seals Oxford deal
The deal will provide the acquired group with ‘scale and even more opportunities’, says chief executive
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NewsBrokerFest 2023: System launch can unlock small and medium broker access – Phil Bayles
Chief commercial officer reveals that tool launch will help insurers ‘find the needle in the haystack’ of regional brokers to more effectively find business that matches their risk appetite
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NewsArdonagh Advisory aims to create ‘revolution’ in network model with data and tech-enabled tool
The firm wants to ‘level the playing field’ for small and medium-sized brokers by providing greater access to different insurance markets and ‘getting service out of insurers’
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NewsIndustry chatter around lack of UK-based M&A targets is ‘nonsense’ – Phil Bayles
Ardonagh Advisory’s chief commercial officer gives Insurance Times his opinion on the current lay of the land around broker consolidation
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NewsCompass partners with premium finance provider
Network boss believes brokers must ‘be prepared against the unexpected’, with one possible solution being the provision of ‘more flexible payment options’ for clients
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NewsArdonagh Advisory acquires Stallard Kane Group
The buy will help the group’s subsidiary better meet changing consumer needs with ‘high-quality risk advice’
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NewsArdonagh Specialty acquires Lloyd’s broker with ‘true alignment on client service’
The group’s 125 staff and its brands will join the broker as part of the deal
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NewsThe Ardonagh Group posts 170% increase in pro forma losses for H1 2022
The group also recorded a 21% increase in its adjusted ebitda for the reporting period, reaching a figure of £186m
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NewsBishopsgate aspires for ‘leader’ status with new head of claims hire
The appointee brings over 30 years of insurance industry knowledge to the team
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NewsArdonagh’s Geo Underwriting buys loss recovery MGA
Broker-backed MGA is ’excited to support’ the growth of its newly purchased firm amid plans to extend ’product distribution even more widely’
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NewsBroker consolidation is ‘natural’ and presents opportunities for new entrants
Market regeneration is also likely once hard market conditions ease
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NewsThe Ardonagh Group posts 29% adjusted ebitda growth for Q1 2022
The broker also reported a 44% increase in total income for 2022’s first quarter
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NewsThe Ardonagh Group reports adjusted ebitda growth of 42.4% for 2021
The broker’s income also reached £945.8m last year
