Ardonagh Group
Ardonagh buys MDS; Markerstudy snaps up Clegg Gifford; start-up broker Attis targets London/acquisitions; WTW and Munich Re in parametric 'world's first'
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Ardonagh’s Phil Bayles on the question of selling to a seller
Phil Bayles, chief commercial officer at Ardonagh Advisory, reviews the lessons learned from his time at Aviva and advises brokers to do due diligence when selling their businesses to avoid ‘seller regret’.
Ardonagh valued at $7.5bn as Abu Dhabi Investment Authority joins investor roster
The Ardonagh Group has secured investment from the Abu Dhabi Investment Authority and “several other large global institutions”, giving the group a multi-billion dollar valuation.
Interview: Andrew Wallin, Ardonagh Specialty
Ardonagh buying the insurance operations of BGC Partners was a “rocket fuel moment” for both organisations with opportunities abounding after the deal which doubled the size of the specialty business, according to Ardonagh Specialty CEO Andrew Wallin.
Incoming Norgrove praised amid market surprise at Egan's RSA departure
Market specialists were surprised by RSA UK & International CEO Scott Egan’s departure but welcomed Ken Norgrove as the new RSA leader and urged him to push on with making the provider more outward looking.
Ardonagh Advisory adds COO and CTO
Ardonagh Advisory has appointed Marcus Golby as chief operating officer and Tom Clark as chief technology officer.
Ex-Morrisons and Poundland chairman Andy Higginson to chair Ardonagh Retail
Ardonagh Group has appointed the former chair of Morrisons and Poundland Andy Higginson as chairman of Ardonagh Retail.
Andrew Wallin on turbo-charging Ardonagh Specialty
The completion of Ardonagh’s $500m (£374.4m) takeover of the insurance operations of BGC Partners will turbocharge the business, according to Ardonagh Specialty CEO Andrew Wallin.
Jaime Swindle moves to Geo as Scott Bennett steps up at Bravo Networks
Jaime Swindle is joining the leadership team at Geo Underwriting with Scott Bennett taking up the post of managing director of Bravo Networks, Ardonagh has confirmed.
Ardonagh's Inver Re names Nick Griffiths director
Nick Griffiths has joined the Ardonagh Group’s Inver Re as a director.
EY issues home/motor profit warning for 2022; Collective Benefits and Nimbla get US investment; HSB buys MG Group; Floodflash and Munich Re partner up; and Carrot sold to Granite
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Gallagher adds Derek Henry to head up micro SME and personal lines
Gallagher has appointed former managing director for broking at Brightside Derek Henry as MD of micro SME and personal lines within its UK retail division.
Covéa to buy Partner Re; Lloyd’s joins net zero alliance; another record for insurtech investment; crime tops insurer concerns; and Flood Re on tour
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Interview: Emma Rawlinson, Atlanta
In her first interview since succeeding Ian Donaldson as Atlanta Group CEO, Emma Rawlinson tells Post about her journey to taking the helm, the importance of digital in maintaining the growth trajectory and the diversity of the business and its leaders.
CMA launches merger inquiry into Gallagher-Willis Re deal
The Competition and Markets Authority has opened a merger inquiry into Arthur J Gallagher buying Willis Towers Watson’s treaty reinsurance business looking at whether the proposed deal will lead to a lessening of competition in the UK market.
Donaldson steps up to Ardonagh Retail CEO and Rawlinson promoted to lead Atlanta
Ardonagh has promoted Ian Donaldson to the position of CEO for Ardonagh Retail with Emma Rawlinson replacing him as Atlanta Group CEO, Post can reveal.
Howden reveals football's Covid losses; Convex opens new European subsidiary; Volante gets new syndicate approval from Lloyd’s; and Zurich supplants Axa as MGA's £105m capacity
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
British Insurance Awards 2021: Broker Awards
The winners of the British Insurance Awards were revealed on Wednesday 15 September at Battersea Evolution.
Hemming bullish on growth at Aviva as survey shows solid broker optimism
Research by Aviva has shown optimism among brokers about their trading prospects for the second half of the year as the UK reopens from Covid restrictions.
Marsh and Citi support vaccine efforts; Hudson takes majority Occam stake; Simply Business in Barclays tie up; Aston Lark strikes Irish deal; RAC picks Premium Credit
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Ardonagh adds £900m to firepower as Ebitda rises and losses narrow
Ardonagh has posted a 33.4% rise in income and a 42.4% increase in Ebitda for the first half of 2021.
Insurance Cyber Incident Tracker
Data rich insurance businesses have been warned they are a prime target for cyber criminals, with major firms facing up to cyber disruption and ransomware attacks. Who has been affected?
Analysis: Inside two years of insurance data breach reports
Exclusive: Insurers, brokers and other firms within the industry have made 315 data breach reports over two years, with many of the best known businesses in UK insurance among those to notify and cyber a growing concern.
Ardonagh hires former Ireland rugby captain Best
Ardonagh has appointed former Ireland rugby captain Rory Best as director of development.