Reinsurance News

The Ardonagh Group

Ardonagh Group plans takeover of Thames Underwriting

19th August 2020

The Ardonagh Group has announced that it plans to acquire Thames Underwriting, a specialist MGA that provides insurance solutions to brokers across the Construction, Leisure and Commercial sectors. Following the takeover, Thames will join Ardonagh’s suite of MGA brands and will operate within Geo Specialty Group Holdings Limited. Thames is headquartered in ... Read the full article

The Ardonagh Group secures £1.875bn commitment led by Ares

23rd June 2020

Ares Management Corporation, a leading global alternative investment manager, is serving as the lead arranger for a £1.875 billion financing commitment to The Ardonagh Group, the largest independent insurance broker in the UK. The Ardonagh Group was established in 2017 and expanded significantly the following year through numerous acquisitions. The company ... Read the full article

Madison Dearborn & HPS to increase shareholding in Ardonagh

22nd May 2019

Madison Dearborn Partners and HPS Investment Partners have agreed to increase their stake in UK broker The Ardonagh Group, acquiring a total of £92 million of shares. The shares, which were acquired from existing institutional and other minority shareholders, were bought for a price of £1.175 per share, which implies a ... Read the full article

Ardonagh Group acquires UK broker Swinton for £165mn

3rd January 2019

The Ardonagh Group has completed its planned £165 million acquisition of UK personal lines broker Swinton Group Limited from Covéa Group. Ardonagh revealed that it has now received regulatory approval for the deal, which it originally announced in September 2018. The broker funded the acquisition with committed financing from its existing bank ... Read the full article

Arch completes acquisition of Ardonagh’s UK commercial lines business

2nd January 2019

Arch Insurance Europe has completed its' acquisition of the UK commercial lines business owned by The Ardonagh Group, and part of its Geo Underwriting operating segment. The acquired business generated more than £150 million of Gross Written Premium in 2017 and will become the newly-formed Arch UK Regional Division, focused on ... Read the full article

← Previous
1
…
3
4
5
6