Ardonagh News – Page 5
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The Ardonagh Group completes $500m buy of BGC Partners’ insurance operations
Specialty broking chairman says the acquisition presents ‘a unique opportunity to build a preferred home for talent and the number one choice for clients on a truly global scale’
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BrokerFest 2021: Regulation bar will be ‘a lot higher’ for brokers selling to SMEs
Industry experts predict more regulation to be incoming around insurance for SMEs as the regulator wants these firms to be treated ‘like personal lines customers’
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BrokerFest 2021: SMEs face underinsurance risk around intangible assets
Although cyber cover for SMEs is a ‘tough sell’ for brokers, these businesses should be encouraged to seek expert advice ‘because they won’t understand intangible risks as well as brokers do’
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BrokerFest 2021: Brokers need to understand the new economy to drive growth – Phil Bayles
Chief commercial officer says brokers’ future success lies in turning economy ‘changes into opportunities’ and pinpointing ‘what type of schemes they will create’ to suit the post-pandemic landscape
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Ardonagh switches up retail business c-suite with two internal promotions
The executive shuffle of the broker’s retail arm will put the platform in ‘strong shape’, says group chief executive
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Zurich inks five-year £105m deal with specialist underwriter
The deal further strengthens Zurich’s strategic relationship with Ardonagh
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Ethos Broking appoints commercial director from Marsh
Chief executive believes the new hire ‘is a perfect match for the business’ who will ‘make an impact quickly’
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The Ardonagh Group reports 2021 H1 loss of £41.3m
The firm has also secured additional ‘combined funding’ of £900m to help continue its ‘M&A and investment strategy at pace’
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Tool and equipment trade body chooses Towergate for insurance partner
The broker will provide services for the association’s 800 members
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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’