The Competition and Markets Authority has ordered Ardonagh not to integrate with Bennetts, transfer control or stop competing with it as the consolidator completed the deal to buy the motorcycle specialist.
Ardonagh has placed $500m (£401m) of senior payment in kind toggle notes.
Broker Network members have given a resounding shrug of indifference to the news that after four years away the network is set to return to Ardonagh’s ownership as it buys up Bravo Group.
Ardonagh Group has revealed a 1% drop in income year-on-year in April, pointing to a limited impact from the Covid-19 crisis as adjusted Ebitda rose to £20.7m.
Ardonagh has cut its carrier relationships from 940 to 700 in the past six months with an eventual target of below 200, Paul Dilley, CEO of Geo Underwriting told Post.
Her appointment as a NED of Aviva triggered one former colleague to boast 'It’s coming home, it’s coming home, insurance is coming home'. Jonathan Swift reflects on what lies ahead for Amanda Blanc here, at ERS and where she might pop up next.
The Ardonagh Group has appointed Graeme MacMillan as CEO of product and distribution management within Ardonagh Portfolio Solutions joining from Aviva.
Ardonagh Group has a list of 146 potential acquisitions, which it reviews at a fortnightly investment committee, according to CEO David Ross.
Ardonagh has posted a loss of £67.7m for the first nine months of 2019, up from £48.9m in the same period of last year.
Analysis: What does the result of the Ardonagh and Gallagher court battle mean for broker recruitment practices?
After all but one of Gallagher's claims against Ardonagh subsidiaries and two former Alesco employees were thrown out by a judge last week, employment experts suggest there could be changes in how brokers approach recruitment.
The long-running court battle between Ardonagh and Gallagher finally wrapped up on Friday, but a written judgement may take more than three months to arrive.
The parties in the ongoing legal dispute between Gallagher and Ardonagh returned to the Royal Courts of Justice yesterday, as the court heard closing statements from two of the defendants.
Gift cards may not be very personal, but they are perfect when you are not sure what to get someone. However, if you are anything like me you put them away in a “safe” place and forget to use them in time.
The Ardonagh Group sliced its losses by 149% in 2018, as CEO David Ross hailed ‘the end of three years limbering up’.
David Ross returned to the Royal Courts of Justice yesterday to finish giving evidence in the hearing of a dispute between Gallagher and Ardonagh.
David Ross, CEO of the Ardonagh Group, yesterday gave evidence at the Royal Courts of Justice in an ongoing trial between Gallagher and Ardonagh-owned Bishopsgate.
The departure of a number of employees from Gallagher subsidiary Alesco in 2017, who went on to join an Ardonagh energy division, was “the product of a carefully planned conspiracy”, Gallagher will claim.
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.
As Swinton meets its match in Ardonagh, the insurance courtship game has continued to hit headlines.
The Ardonagh Group has struck up a deal with Covéa to acquire Swinton for £165m.
More medical insurers are including mental health as standard in their policies but there could remain a gap in provision if condition monitoring doesn’t become more widespread
At the ABI annual dinner on Monday, as guests at my table predicted future insurance trends, I was struck by a suggestion. People will want to protect their most precious belongings and, in 10 years’ time, that will be their personal data, a KPMG partner…
CEO, The Ardonagh Group
The Ardonagh Group posted adjusted Ebitda of £ 79.1m in the first nine months of 2017, a 19.7% rise year-on-year.