Reinsurance News
The Ardonagh Group
Ardonagh acquires majority stake in Hong Kong’s Apex Insurance
3rd July 2025
The Ardonagh Group has acquired a majority stake in Apex Insurance (Holdings) Limited in Hong Kong. The move strengthens Ardonagh’s footprint in the region, as it will operate Apex alongside PSC’s Hong Kong operations, PSC HK Insurance Group (PSC HK). The acquisition also aims to deepen Ardonagh’s in-market expertise through Apex’s ... Read the full article
Ardonagh completes $2.5bn equity investment led by Stone Point Capital
30th June 2025
The Ardonagh Group, a global independent insurance broker, has announced the completion of the previously announced $2.5 billion equity investment led by funds managed by US-domiciled private equity firm Stone Point Capital LLC, valuing the group at $14 billion. This landmark transaction sees Stone Point become a significant shareholder in ... Read the full article
The Ardonagh Group acquires Zurich-based broker SRB
24th April 2025
The Ardonagh Group, a large independent insurance distribution platform, has acquired Zurich-based broker SRB Assekuranz Broker AG (SRB). According to Ardonagh, SRB, which focuses on corporate customers, primarily in the industrial sector, shares a long-standing relationship with and will operate as part of MDS Group, its platform for Latin America and ... Read the full article
Wim Hekstra named new CEO of Ardonagh Netherlands
17th April 2025
Ardonagh Netherlands, the Dutch arm of The Ardonagh Group, has announced the appointment of Wim Hekstra as Chief Executive Officer, effective June 1st, 2025. In his new role, Hekstra will lead Ardonagh Europe’s regional growth strategy as the business continues to expand its presence in the corporate, SME, and high-net-worth brokerage ... Read the full article
Ardonagh reports FY’24 income increase of 24%
27th March 2025
Global insurance intermediary The Ardonagh Group has reported a 24% increase in income for the full year 2024 (FY’24) to $1.99 billion as adjusted EBITDA grew by 31% to $683 million. The pro forma income for FY’24 was reported at $2.5 billion, and pro forma adjusted EBITDA is $941 million, including ... Read the full article
Ardonagh launches new global data and technology unit
26th March 2025
The Ardonagh Group has launched Ardonagh Intelligence, a new global data and technology unit aimed at harnessing the best of robotics, machine learning, and data enrichment across its businesses. "Ardonagh Intelligence will create a single view of the data and technological capabilities across the Group, which now employs more than 100 ... Read the full article
Ardonagh acquires stake in Dutch firms PIA & PIN
24th January 2025
Global insurance intermediary The Ardonagh Group's Netherlands arm has reached an agreement to acquire a substantial stake in two key players in the Dutch high-net-worth insurance sector: Private Insurance Assuradeuren B.V. (PIA) and Private Insurance Nederland B.V. (PIN). PIA, a Managing General Agent (MGA), specialises in the creation and distribution of ... Read the full article
Insurance broker Ardonagh secures landmark Stone Point investment
18th December 2024
The Ardonagh Group, an independent insurance broker, has secured an equity investment from funds managed by US-domiciled private equity firm, Stone Point Capital LLC, which values the group at $14 billion. This landmark transaction is expected to complete in mid-2025 and sees Stone Point become a significant shareholder in Ardonagh, alongside ... Read the full article
Ardonagh Advisory to acquire Rowett Insurance Broking
1st November 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its agreement to acquire Rowett Insurance Broking Limited. Rowett specialises in commercial and personal insurance from its offices in St Austell and Plymouth. Its subsidiary, AGRi Insurance Facilities Ltd, focuses on wholesale agricultural insurance, operating from Darlington and St Austell. Upon ... Read the full article
Ardonagh completes acquisition of PSC Insurance Group
11th October 2024
The Ardonagh Group has confirmed it has completed the acquisition of PSC Insurance Group Limited. As per the insurance broking platform, the completion of this acquisition in the APAC region sees PSC’s operations in Australia and New Zealand now combined with its platform in the region, The Envest Group, led ... Read the full article
PSC Insurance Group’s shareholders approve acquisition by Ardonagh
26th September 2024
The shareholders of PSC Insurance Group Limited have approved Ardonagh's proposed acquisition, as revealed by the independent insurance broking platform. Back in May, it was announced that Ardonagh had entered into a Scheme Implementation Deed to acquire all the issued ordinary shares in PSC. At the time, the scheme cash ... Read the full article
Ardonagh Group hires Allianz’s Mark Mitchell to lead growth in Asia
12th September 2024
Independent insurance broker The Ardonagh Group, has hired renowned industry veteran Mark Mitchell to support the expansion of its business operations in Asia. Based in Singapore, Mitchell will work with Ardonagh’s businesses in the region - Envest and Price Forbes, to explore opportunities to expand their retail and wholesale broking footprint, ... Read the full article
Ardonagh Advisory to acquire R.K. Henshall
20th August 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its plan to acquire R.K. Henshall & Co. Limited, a chartered insurance broker based in Sandbach, Cheshire. Founded in 1976, R.K. Henshall & Co. employs 35 people and specialises in commercial insurance, offering premium schemes through its Air Underwriting division. Following ... Read the full article
Ardonagh’s MDS Brazil finalises acquisition of D’Or Consultoria
2nd August 2024
MDS Brazil, a subsidiary of the Ardonagh-owned MDS Group, has finalised the acquisition of D’Or Consultoria, a broker with expertise in health, dental, life insurance, and pensions, which is part of Rede D’Or São Luiz S.A. This acquisition significantly enhances MDS Brazil’s offerings in health and benefits, strengthening its competitive position ... Read the full article
Navigators & General to be acquired by Geo Underwriting
1st August 2024
Geo Underwriting, a division of Ardonagh Advisory that offers diverse insurance solutions, plans to acquire Navigators & General (N&G), a marine insurance provider, from Zurich UK. Established in 1921 by Captain William Coombs, a WWI Veteran and Merchant Navy officer. N&G provides insurance coverage for a range of boats and vessels, as ... Read the full article
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