The Ardonagh Group has completed the purchase of broker Swinton, while the sale of its commercial underwriting business to Arch has also been finalised.
With the takeover of Ed, BGC president Shaun Lynn believes he now has the person in its CEO Steve Hearn to help it realise its insurance ambitions. The pair spoke to Jonathan Swift about how an investment in technology, talent, globalisation and a finely…
Hooking the headlines this week, Danish unrated insurer Qudos was placed in liquidation by its owner.
The Ardonagh Group cut down on its losses for the first nine months of the year, down to £48.9m compared to £92.7m in 2017.
The spectre of Brexit loomed large over the insurance sector this year, and although the picture is still no clearer in terms of how the UK market will continue to trade with Europe after 29 March 2019, significant merger & acquisition activity was among…
BP Marsh increasing its stake in Nexus could mean a rumoured sale of the managing general agent is off the cards, analysts say.
As whiplash legislation speeds through parliament, claims management companies have increasingly been looking into other avenues to keep the coffers full and cavity wall insulation claims have spiked. CMCs may be the industry’s own bugbear, but this…
The Ardonagh Group will sell its commercial underwriting business to Arch for £31m.
The Ardonagh Group is taking on $225m (£176m) of additional debt as it acquires Swinton.
A new telematics provider is about to enter the motor insurance market, targeting the lower-premium segment, beyond just young drivers.
Former Ingenie founder and CEO Richard King has teamed up with Munich Re Digital Partners to launch a new telematics motor provider Ticker in the new year.
The Ardonagh Group has agreed to sell Direct Group’s claims businesses to loss adjuster Davies for up to £36m.
Gilles Normand has stepped down from the CEO job at Swinton following its acquisition by Ardonagh.
As Swinton meets its match in Ardonagh, the insurance courtship game has continued to hit headlines.
Ardonagh will hit pause on further major retail acquisitions as it consolidates its current assets.
Swinton will continue its trajectory toward becoming primarily a digital business, Ardonagh CEO David Ross said, but he refused to call time on the high street broking model.
The Ardonagh Group has struck up a deal with Covéa to acquire Swinton for £165m.
The Ardonagh Group has reported income growth of 9.1% as both income and profit climb in the first six months of 2018.
Exclusive: Saga is looking to divest its interest in bike broker Bennetts, with Ardonagh touted as one of the potential suitors.
Brokers have always innovated to survive and will continue to do so, writes Ian Donaldson, CEO of Autonet and Carole Nash, explaining how technology can help cross-selling.
Former Churchill and LV general insurance boss John O’Roarke took home the Achievement prize last night at the British Insurance Awards, where his new employer Aviva was among the big winners.
Axa will sell its health broker, Health Insurance Group, to the private equity owners of Ardonagh.
My colleagues have come up with a creative idea to celebrate the General Data Protection Regulation. First you create a GDPR cocktail with gin, Drambuie, prosecco and rum. Then you take a sip every time you receive an email asking you to update your…