Ardonagh Group
Ardonagh boss David Ross hits out at CMA Bennetts decision
Ardonagh was “really surprised and disappointed by the approach that was taken” by the Competition and Markets Authority as it blocked the firm buying Bennetts, CEO David Ross has declared.
CNA confirms systems disconnection after 'sophisticated cybersecurity attack'
CNA Financial Corporation has confirmed being hit by a sophisticated cybersecurity attack on Sunday causing network disruption and impacting some of its systems including corporate email.
Insurance lives in the Covid era - 12 months on from the first National Lockdown: Part Four
On the 23 March 2020 as Covid-19 infection rates soared Prime Minster Boris Johnson told us to “stay at home” triggering the first National Lockdown. One year on Post spoke to a host of insurance workers - the insurer boss, the broker boss, the insurer…
For the record: Brightside sold to Markerstudy; Aviva acquires Axa XL HNW team; Aston Lark buys Bruce Stevenson and Inflexion invests in broking again
Post wraps up the major insurance deals, launches and investments of the week
For the Record: Ardonagh’s Australian M&A push; Axa in Co-op Bank tie-up; Rock diversifies with new MGA and SSP takeover gets FCA greenlight
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Record £10.5bn of M&A in 2020 and smaller deals on the up, says Imas
There was a record £10.5bn of UK insurance distribution mergers and acquisitions in 2020, according to research by Imas, Post can reveal.
GRP strikes biggest deal since Searchlight investment with Marsh Networks buy
Global Risk Partners has agreed to buy Marsh’s UK networks for an undisclosed sum in a deal expected to close next quarter.
Analysis: Calmer waters in yacht market
Post investigates how the yacht market has reacted to the Covid-19 pandemic and Brexit, and asks what comes next after years of market hardening and consolidation.
For the record: Ardonagh swoops for PI broker; ERS in ILS push; First 4 Lawyers launches RTA law firm; Marsh partnership and McLarens acquires
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers and brokers offer leave and flexible working as school closures strain parents
Insurers and brokers have increased paid leave and introduced more flexible working arrangements to employees under additional pressure from lockdown restrictions, with a particular focus on those now juggling work with childcare responsibilities.
For the record: The week in deals featuring Aston Lark, GRP, PIB, Marsh, MS Amlin, Nexus, Partners& and Sedgwick
Post wraps up the major insurance deals, launches, investments and strategic moves of the week
Lockdown: Many insurer and broker offices to remain open as Lloyd's underwriting room closes
Insurers and brokers have told Post that the majority of their staff will continue to work from home and that offices will remain open to those few that need to access them, following the start of a third national lockdown in England.
Ardonagh’s Sarah Dalgarno on conduct and culture
As the year draws to a close and people prepare for some long overdue down time, it’s worth pausing to reflect on the role of conduct and culture in how insurance has dealt with challenges and how they can shape responses in 2021, says Sarah Dalgarno,…
Robus buy adds alternative capital 'string to the bow' of Geo
Ardonagh-owned Geo has bought Guernsey-headquartered insurance management, fiduciary and financial advisory group Robus for an undisclosed sum.
Towergate sells Milburn to UBT in £2.2m deal
Towergate Insurance Brokers has sold Milburn Insurance Brokers to UBT (EU) in a £2.2m deal that completed on 1 November.
British Insurance Awards 2020: The winners
Usually a lavish affair in the Royal Albert Hall with the insurance A-listers dressed to the nines in their finery and quaffing champagne mid-July, this year due to the Covid-19 pandemic and government restrictions the British Insurance Awards ceremony…
No losers as Cinven and GIC buy Miller from WTW, say brokers
Brokers have hailed private equity house Cinven and Singaporean sovereign wealth fund GIC buying Miller from Willis Towers Watson as a deal with no losers.
Vincent Gardner leaves Ethos Broking M&A director role
Vincent Gardner has left the post of group mergers and acquisitions director at Ethos Broking, Post can reveal.
Interview: Ardonagh MGA boss Derek Coles
Ardonagh’s CEO of MGA Binders and Facilities Derek Coles spoke to Post senior reporter Emmanuel Kenning about being subscale in Ardonagh, MGAs' need for differentiation, the Rural buy and future acquisition targets.
Towergate website remains down as Ardonagh confirms cyber incident
Ardonagh is taking “remedial action” having been hit by a cyber incident, the group confirmed just after Gallagher also reported being attacked by hackers.
Ardonagh strikes deal for Lloyd Latchford
Ardonagh is buying specialist retail broker Lloyd Latchford Group for £15.3m, Post can reveal.
Ardonagh to sell Bennetts after CMA ruling
Ardonagh has offered to sell motorcycle specialist Bennetts to address the concerns of the Competition and Markets Authority and avoid a “long, burdensome and expensive phase two enquiry”.
Refinancing costs bite as Ardonagh losses more than double and income drops
Ardonagh has reported a post-tax loss of £94.1m for the first six months of 2020 more than double the £41.8m deficit in the same period of last year.
Ex-Jelf boss Alway and former Aston Scott owner buy RWA
Alex Alway and Andrew Scott have teamed up to form UKGI Group and have bought compliance consultancy firm RWA, Post can reveal.