Reinsurance News
The Ardonagh Group
Ardonagh Advisory acquires Rollinson Smith Insurance Brokers
9th July 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired Rollinson Smith Insurance Brokers (RSIB), the community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with considerable reach in London, as well as other areas of the United Kingdom. Established in 1974, RSIB offers commercial and ... Read the full article
Ardonagh’s Atlanta and Markerstudy complete merger to create personal lines platform
27th June 2024
The Ardonagh Group has confirmed that it has completed the merger between its personal lines broking business Atlanta Group and Markerstudy. If you recall, it was in September last year that the merger was first announced. The deal will see both Atlanta Group and Markerstudy merge to create a new platform ... Read the full article
Ardonagh acquires Mediass and Mansutti S.r.l. to expand European presence
10th June 2024
Ardonagh Italia, a subsidiary of The Ardonagh Group, has finalised its acquisition of both Mediass S.p.A. and Mansutti S.r.l as previously announced. Mediass, founded in 1996 and based in Pescara, serves over 120,000 customers. It provides insurance brokerage services to public enterprises, SMEs, large corporations, and retail clients. In ... Read the full article
Ardonagh Advisory acquires BP Insurance Brokers
7th June 2024
The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired BP Insurance Brokers (BPIB), a provider of commercial and personal insurance services based the UK. Ardonagh Advisory includes brands such as Bravo Networks, Footman James, Hera Indemnity, Lorega, Towergate, Towergate Health & Protection, Thompson & Bryan, and Usay Compare. Established ... Read the full article
Ardonagh’s MDS Brazil to acquire D’Or Consultoria for £123m
17th May 2024
MDS Brazil, a subsidiary of Ardonagh-owned MDS Group, has revealed it intends to acquire D'Or Consultoria, a health, dental, life insurance, and pensions broker from Rede D’Or Sao Luiz. S.A. (Rede D’Or). The transaction, which has a consideration of R$800 million (£123 million), is subject to approval by the Administrative Council ... Read the full article
Ardonagh to acquire PSC Insurance in A$2.3bn transaction
8th May 2024
The Ardonagh Group has entered into a Scheme Implementation Deed (SID) to acquire all the issued ordinary shares in PSC Insurance Group Limited. The Scheme Cash Consideration represents an implied equity value of A$2.256 billion and enterprise value of A$2.429 billion. Ardonagh explained that it intends to merge PSC’s Australia and New ... Read the full article
Ardonagh will acquire Mansutti S.r.l to expand European presence
2nd May 2024
The Ardonagh Group, an independent insurance broker, has announced that it will acquire Mansutti S.r.l, the commercial lines division of Italian insurance broker Mansutti S.p.A. Founded in 1925, Mansutti S.p.A has established a reputation for serving personal customers through the biggest brands and enterprises in Italy. The brokerage has most recently ... Read the full article
Ardonagh Netherlands welcomes new executive team
1st May 2024
Ardonagh Netherlands, the Dutch arm of independent broking groups, has announced the appointment of its in-country management team to lead the growth of local broking bands Léons Group, Klap Verzekeringsmakelaar and Classicus Private Insurance. The team includes the current CEO of Leons Group, Sunny Léons, who has been appointed Chief Executive ... Read the full article
Ardonagh Advisory expands into northwest England through SIB Insurance acquisition
9th April 2024
Ardonagh Advisory has expanded its presence in the northwest of England with the recent acquisition of Southport Insurance Brokers Limited (SIB Insurance), an independent commercial broker. Founded in 1965, SIB Insurance is a well-established regional broker offering insurance coverage for a broad range of risks, with strong expertise in the Industrial, ... Read the full article
Ardonagh Advisory completes acquisition of Westfield Insurance
3rd April 2024
Ardonagh Advisory has completed its previously announced acquisition of Westfield Brokers Ltd. Established in 2009 by Managing Director Peter Cowan, Westfield Brokers, which trades under the name of Westfield Insurance, is an independent commercial broker based in Horsham, West Sussex. The firm offers a range of general insurance products, including, fleet, ... Read the full article
The Ardonagh Group sees reported income rise 33.5% in 2023
28th March 2024
Independent insurance broker The Ardonagh Group has seen a rise in full year 2023 reported income when compared with the prior year to $1.6 billion, as reported adjusted EBITDA increased 42.5% to $522 million. For 2023, the broker has reported pro forma income of $1.9 billion and pro forma adjusted EBITDA ... Read the full article
Ardonagh set to acquire Italian broker Mediass
20th March 2024
The Ardonagh Group has agreed to acquire Mediass, an independent Italian insurance broker. Based in Pescara and founded in 1996, Mediass serves more than 120,000 customers, providing insurance broker services to public enterprises, SMEs, large corporates, and retail clients. Mediass will be acquired by Ardonagh Italia, part of Ardonagh Global Partners, and ... Read the full article
Ardonagh Specialty names Patrick Rastiello CEO of NA reinsurance operations
13th February 2024
Ardonagh Specialty has appointed Patrick Rastiello as CEO of its North American reinsurance operations. Rastiello was most recently CEO and President of Accredited, where he reportedly grew the business to over $1.1 billion premium run rate, leading on underwriting and growth decisions. Before Accredited, he spent almost two and a half decades ... Read the full article
Ardonagh Advisory acquires Scottish whole of market healthcare insurance broker
5th February 2024
Ardonagh Advisory has grown its presence in Scotland with the acquisition of Glasgow-based Solutions Healthcare Ltd, a whole of market healthcare insurance broker, serving commercial clients and individuals across the UK. The business offers advice on Private Medical Insurance and employee benefits including, life assurance, critical illness and business protection. It ... Read the full article
Ardonagh’s MDS appoints Álvaro Mengotti as executive board member
29th January 2024
Álvaro Mengotti has joined the MDS Group, part of The Ardonagh Group, as an executive board member, an appointment that will help accelerate the Group’s Spain and Latin American expansion according to the announcement. At MDS Group Mengotti will work closely with Group CEO José Manuel Fonseca, Group CFO José Diogo ... Read the full article
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