Ardonagh Specialty names Beard COO as implements new leadership structureArdonagh Specialty has appointed Steven Beard as chief operating officer as part of its new leadership structure after announcing the completion of the Corant Global acquisition, The Insurer understands.
Ardonagh completes $500mn takeover of Corant Global from BGCArdonagh Group has completed its $500mn cash deal to acquire Corant Global, taking over the business which includes wholesale and specialty unit Ed Broking, Lloyd’s broker Besso and aviation specialist Piiq Risk Partners from BGC.
Ardonagh acquires price comparison site Usay GroupArdonagh Advisory, the SME broking operations of UK broker consolidator Ardonagh Group, has acquired Usay Group Limited, one of the largest medical and protection insurance brokers in the UK.
Ardonagh appoints former rugby star Best to corporate leadership roleArdonagh Group has hired former Ulster, Ireland and British & Irish Lions captain Rory Best as director of development to work with executive teams across the group, focusing on its subsidiary Arachas.
Ardonagh hires Miller’s Higgins for Inver Re build-outArdonagh Group has hired Neil Higgins to join its new reinsurance broker Inver Re as head of facultative reinsurance.
Ardonagh targets top-five reinsurance broking position with Inver Re launchArdonagh is targeting a top-five global market position for its planned new reinsurance broker, Inver Re.
Ardonagh to pay BGC $500mn for Corant GlobalArdonagh Group has agreed a $500mn cash deal to acquire Corant Global, the insurance brokerage business of BGC Partners, in what Ardonagh CEO David Ross described as a “compelling shake-up of the global wholesale landscape”.
Ardonagh reports strong Ebitda growth as loss widens to £22.8mn in Q1UK broker consolidator Ardonagh Group saw its pre-tax loss widen to £22.8mn ($32.2mn) for the three months ended 31 March 2021 as a result of increased finance costs.
Ardonagh names Aviva’s Bayles CCO of Advisory unitUK broker consolidator Ardonagh has named Aviva’s Phil Bayles as chief commercial officer of Ardonagh Advisory.
Ardonagh Specialty launches $350mn follow-capacity facility with BeazleyArdonagh Specialty has teamed up with Beazley’s smart tracker syndicate to launch a cross-class follow-capacity solution for Price Forbes’ clients.