MGA partners with Ardonagh Advisory on non-standard products
The MGA will serve as a ’preferred non-standard household partner’ for Ardonagh Advisory’s network of brokers
Ardonagh-owned broker hires new London-based wordings director
’My immediate priority is to engage with colleagues across the business, to develop and implement a strategy that delivers maximum value,’ says new appointee
Ardonagh Advisory to undergo major rebrand
’As one business, bringing everything under a single, meaningful brand name makes sense,’ says chief executive
Ardonagh now valued at $14bn as it secures major investment
The investor will become a significant shareholder in the broker
This week’s biggest M&A stories
Insurance Times rounds up the biggest M&A news stories from 2 December to 6 December
Ardonagh backer to be acquired in $12bn deal
The transaction is expected to close in mid-2025
Why 2024 was a transformational year for UK M&A
The insurer and broker sectors both recorded standout acquisition volume and values last year – however, industry experts do not see the same trends for 2025, with January providing the lowest monthly M&A completion figure since 2017
Acquisitive brokers facing M&A supply shortages
As the supply of sizeable UK commercial brokerages is dramatically shrinking, acquisitors are being forced to seek targets overseas, or look at MGAs and wholesale brokers.
Broker networks ramp up distribution focus
’The ability to gain distribution benefits is a major driver for brokers joining networks,’ says director of policy and public affairs
Rachel Longbottom: Industry must ‘get better at spotting potential’ differently to retain diverse talent
Head of service performance and innovation says the insurance sector must be ‘more vocal’ about its diversity projects, however the nuances of hybrid working still need to ‘iron themselves out’
Rachel Longbottom: Industry must ‘get better at spotting potential’ differently to retain diverse talent
Head of service performance and innovation says the insurance sector must be ‘more vocal’ about its diversity projects, however the nuances of hybrid working still need to ‘iron themselves out’
Scott Bennett: Broker network growing despite challenge of M&A activity
Managing director says The Ardonagh Group-owned network business has to ‘pedal hard to stand still’ in terms of maintaining member numbers amid broker consolidation landscape
Phil Bayles: Ardonagh Advisory to use ‘regular drumbeat’ of M&A to add ‘more strings to our bow’
Chief commercial officer reveals that the intermediary organisation is aiming to complete 12 acquisitions in 2023, with plenty of transactions closing in Q1 and Q2
Jaime Swindle: Effective trading versus efficiency will be a broker focus this year
As broking networks help their members combat the current climate’s challenges, the Covid-19 pandemic admittedly hasn’t been all bad, resulting in ‘a more forward-thinking industry’ says networks MD
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