The Ardonagh Group Executive Update

14 June 2018

The Ardonagh Group has today announced the appointment* of Richard Ward as Executive Chairman of Specialty & International and MGA.

The Specialty & International segment is comprised of Bishopsgate and Price Forbes (previously collectively the wholesale segment), with the MGA segment encompassing all of Ardonagh’s MGA activities. Richard will join the Group on 10th September 2018.

Chairman of The Ardonagh Group, John Tiner commented;

“Richard’s career speaks for itself; he has exceptional pedigree and will bring unrivalled expertise to the Ardonagh Group Executive. The Board and all the shareholders are delighted to welcome him to the team.”

CEO of The Ardonagh Group David Ross added:

“If anything was to validate the momentum behind The Ardonagh Group, the arrival of Richard is in itself another milestone for our organisation.
I have worked with Richard in many guises over the past decade and to be able to now call him a colleague is a great moment for us all. The perfect cultural fit, Richard will become an integral part of a cohesive, highly skilled Executive team.

His presence across the MGA and Specialty & International segments can only add substantially to our ability to both create and capitalise on future growth opportunities. Under his leadership, one can only feel genuinely excited by what’s to come.”

Richard Ward added:

“Spending time with the Ardonagh team has given me the chance to really understand the unique position the Group holds in the industry, having built an unrivalled stable of a market leading brands and businesses. The arrival of this high profile, diverse portfolio continues to generate interest from across the globe nearly twelve months after its creation. This makes for a captivating, personal opportunity which I am very much looking forward to.”

*subject to FCA approval


Notes to Editors

About Dr Richard Ward

Dr Richard Ward was Chief Executive of Lloyd's of London, from 2006 to 2013. In 2014 he was appointed Chairman of Brit Insurance, a major Lloyd’s syndicate. He Chaired the company through its IPO and subsequent sale to Fairfax and will be stepping down from Brit in September. In June 2014 he was appointed Executive Chairman of Cunningham Lindsey, a leading global provider of claims management and risk service solutions. He completed the sale of Cunningham Lindsey to Sedgwick earlier this year following which he has relinquished his role. He served as Non-Executive Director of Partnership Assurance Group plc between 2013 and 2016. Richard remains on the Board of Direct Line Group plc as a Non-Executive Director and Senior Independent Director, having joined in January 2016. He is a member of the PRA Practitioner Panel, an independent statutory panel that represents the interests of practitioners regulated by the Bank of England.

About The Ardonagh Group

The Ardonagh Group is the UK’s largest independent insurance broker with global reach. We are a network of over 100 office locations and a workforce of 6,000 people. The Ardonagh Group was created in June 2017, bringing together Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate, with the additional acquisitions of Healthy Pets in August 2017, and Carole Nash and Mastercover announced in December 2017.

Our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver solutions that meet our customer needs.

www.ardonagh.com

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