Reinsurance News
The Ardonagh Group
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
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
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