Latest results reveal size business could reach in 2018.

Towergate-owner Ardonagh Group is set to motor past Hyperion in IMAS/Insurance Times Top 50 Brokers in 2018.

In the 2017 Top 50 Brokers, Hyperion has £434m brokerage in seventh place.

Towergate is recorded as £318m brokerage in eighth place.

However, Ardonagh Group said today it had been on track to record income of £528m, meaning it would easily overtake Hyperion.

The group would also be closing in on the mega-brokers. 

IMAS founder Olly Laughton-Scott said: “Acquisitions means Ardonagh Group looking to break into the tier one brokers (Marsh, JLT, Gallagher, Willis, Aon).

”Whilst not repeating heady period between 2002 to 2007 when Towergate grew from a mere £39m to £353m and effectively ruled the M&A roost, the backing of two heavy weight private equity firms is allowing Ardonagh once more to reshaping the landscape of insurance distribution.”

 

 

 

 

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