Ardonagh News – Page 4
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News
Ardonagh Group creates new European business
The new division will be led by Arachas chief executive in Dublin
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Ardonagh-owned Atlanta Group creates two senior roles to broaden distribution reach
The new hires join from GoCompare and SSP
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Ardonagh’s Arachas Corporate Brokers buys Waterford-based broker
The acquisition aims to extend Arachas Corporate Brokers’ footprint in the Republic of Ireland
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Ethos Broking UK expands East Anglia footprint with third buy this year
The broker’s M&A strategy remains unaffected despite the Covid-19 pandemic
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Ardonagh Group to buy insurance operations from tech firm for $500m
The move will bring ‘two of the last remaining independent outfits of scale together to create the largest privately owned specialty broker in London’, says broker chief exec
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Ardonagh Advisory buys London-based loss adjusting firm
The deal is ‘vital’ in achieving the SME platform’s ‘strategic growth objectives’
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The Ardonagh Group improves group income by 24.8% in 2021’s Q1
Group chief executive says the broker has developed a ‘compelling proposition for individuals and companies that value independence, agility and scale’
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Ardonagh Global Partners reveals new CFO
The new hire brings 25 years of experience to the role
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Right Choice Holdings inks deal with motorcycle broker
The acquisition adds ‘greater diversity’ to Right Choice Holdings’s portfolio
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Brokers must build ‘muscle memory’ to be ‘match fit’ for future grey swan events
Plus, brokers have moved away from the ‘old school thinking’ of ‘if you’re not present, you’re not productive’ when it comes to managing staff remotely
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‘Over-rewarded’ scale driving consolidation leads to broking’s ‘worst practices’
Despite the broking market being described as ‘a dangerous place now’, chief exec urges industry to ‘not let the word “consolidation” become the new dirty word’
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Ardonagh Advisory plans to purchase personal medical and protection broker
The move is designed to complement Towergate Health and Protection’s existing offering
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Aviva’s Phil Bayles accepts new role at Ardonagh Advisory
Chief executive says Bayles’ appointment ‘feels like the stars aligning’, empowering him to ‘make an indelible mark on our value creation story’
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Ardonagh Group’s retail platform purchases Be Wiser assets
The move follows job losses at Be Wiser earlier this year
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Compass and Broker Network’s virtual trading event sees £4m worth of deals completed
Facilitating broker and insurer networking despite the pandemic is vital as insurance is an industry that ‘thrives on relationships, thrives on connectivity and thrives on having meaningful engagement’, says networks and products managing director
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Ardonagh announces new international arm following US acquisition
Chief executive David Ross says the move signals ’an exciting new chapter in our story’
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Broker targets international growth with AFL deal
The acquisition will add £8m GWP to the broker’s operations
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Features
Ardonagh ‘on cusp’ of solving BI issue before FCA test case halted project
In a call with media this morning, Ardonagh’s chief executive David Ross spoke about how an industry working group was ’on the cusp’ of finalising a solution for business interruption claims, but the FCA Supreme Court case put a stop to this
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MGAs set to explore new ways to access capacity
In the hunt for capacity, some MGAs are turning to financial centres such as Guernsey and Gibraltar, adds Robus Risk Services
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Ardonagh to invest in M&A broker
The broker’s 17-strong team will join Ardonagh upon completion of the deal