Ardonagh forges Dutch powerhouse with HNW broker acquisition
02-08-2023
Ardonagh’s SME broking unit reveals hat-trick of M&A deals in expansion move
10-07-2023
The acquisition of BGC’s insurance businesses is helping the independent broker’s business to grow bigger and faster, says Antony Erotocritou, CEO of Ardonagh Specialty.
Integrating and consolidating 11 brands down to two while running an international brokerage placing $7 billion of gross written premium (GWP) in 2022 is no mean feat. And that’s without taking into account the backdrop of global economic disruption wrought by Russia’s invasion of Ukraine, raging inflation and the lingering effects of the COVID-19 pandemic.
But this transition, following a major acquisition, has been achieved by independent London broker Ardonagh Specialty in the past 12 months.
Ardonagh Specialty enjoyed 16 percent organic income growth in 2022, and chief executive officer Antony Erotocritou tells Intelligent Insurer that he expects the company to place “more like $8 billion” GWP into the market in 2023.
The rest of this article is locked for subscribers only. Please use your personal login at the link below to continue reading.
If you don't have a personal login, you will need to purchase a subscription to gain access to this article, including all our online content.
Ant Erotocritou, Ardonagh Specialty, M&A, Insurance, Reinsurance, Growth, Brokerage
