Further to its 19 November 2018 announcement, The Ardonagh Group (“the Group”) announces that, following receipt of regulatory approval, it has completed the acquisition of Swinton (Holdings) Limited (“Swinton”) and has exchange its $235 million 8.625% senior secured temporary notes due 2023 (the “Temporary Notes”)...
01 November 2018 The Ardonagh Group (“the Group”) today announces it has entered into an agreement to sell its Commercial MGA businesses to Arch UK Holdings Limited (“Arch”) which is conditional upon performance criteria for a consideration of up to £31 million. From 1 January...
16 October 2018 The Ardonagh Group (“the Group”) today announces it has entered into an agreement to sell Direct Group’s (“DG”) claims business to Davies Group for an amount of up to £36 million dependent upon performance. Under the terms of the deal, Direct Group’s...
27 September 2018 The Ardonagh Group (“the Group”) today announces that it has agreed to acquire Swinton Group Limited (“Swinton” or “the Company”) from Covea Group for a consideration of approximately £165 million, subject to normal completion mechanics.1 The Group intends to fund the purchase...
19 January 2018 Nevada Investment Holdings 2 Limited1 (“Nevada”) has today announced its purchase of the remaining 19.9% of the Broker Network business (“the Company”) from The Ardonagh Group (“the Group” or “Ardonagh”). Nevada will acquire the 19.9% stake in exchange for cash consideration of...
The Ardonagh Group (“the Group”) today announces that, further to the announcement on 11 October 2017 confirming that the Group had exchanged contracts in relation to the purchase of Carole Nash Insurance Consultants Limited* (“the Company” or “Carole Nash”) and also Mastercover Insurance Services Limited...
