M&A Deal Summary

Arch Capital Acquires The Ardonagh Group - Commercial MGA Businesses

On November 1, 2018, Arch Capital acquired insurance company The Ardonagh Group - Commercial MGA Businesses from Ardonagh Group for 31M GBP

Acquisition Highlights
  • This is Arch Capital’s 7th transaction in the Insurance sector.
  • This is Arch Capital’s 2nd largest (disclosed) transaction.
  • This is Arch Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-11-01
Target The Ardonagh Group - Commercial MGA Businesses
Sector Insurance
Buyer(s) Arch Capital
Sellers(s) Ardonagh Group
Deal Type Divestiture
Deal Value 31M GBP

Target

The Ardonagh Group - Commercial MGA Businesses

London, United Kingdom
The Ardonagh Group - Commercial MGA Businesses is a full-service managing general agent (MGA) encompassing Commercial Lines, Personal Lines, Agriculture, a London Market business, Geo Specialty, and a European MGA; Geo Europe. With 15 offices across the UK and Europe, Geo Underwriting offers a wide underwriting footprint, diverse product range, and A-rated capacity.

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Buyer(S) 1

Buyer

Arch Capital

Pembroke, Bermuda
Category Company
Founded 1995
Sector Insurance
Employees6,400
Revenue 13.3B USD (2023)
DESCRIPTION

Arch Capital is a reinsurance and insurance company. The proceeds of this financing were used to launch a major underwriting initiative to meet current and future demand in the global insurance marketplace. Arch Capital was founded in 1995 and is based in Pembroke, Bermuda.

DEAL STATS #
Overall 7 of 13
Sector (Insurance) 7 of 12
Type (Divestiture) 4 of 4
Country (United Kingdom) 1 of 3
Year (2018) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 McNeil

Cortland, New York, United States

McNeil & Co., Inc. is an insurance company offering possible specialized coverage, along with a full array of risk management services, to help customers maximize preparedness and grow their businesses. McNeil & Co. was formed in 1989 and is based in Cortland, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Barbican Insurance Group

London, United Kingdom

Barbican Insurance Group underwrites business predominantly through syndicates at Lloyd’s. Delivering a first-class insurance underwriting and claims service, providing innovative and bespoke solutions, whatever the complexity of risk. Barbican’s lines of business include cyber, marine reinsurance, property reinsurance, energy and specialty lines.

Buy -

Seller(S) 1

SELLER

Ardonagh Group

Jersey, United Kingdom
Category Company
Founded 2017
Sector Insurance
DESCRIPTION

Ardonagh Group is an independent insurance distribution platform offers a highly diversified range of insurance-related products and services across the full insurance value chain in the UK, Ireland and broader international markets. Ardonagh Group was founded in 2017 and is based in Jersey, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-24 Towergate Health & Protection

Southampton, United Kingdom

Towergate Health & Protection is an independent Private Medical and Protection Insurance broker. Towergate Health & Protection was established in 2002 and is based in Southampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Arachas Corporate Brokers

Dublin, Ireland

Arachas Corporate Brokers is a specialist corporate, SME & affinity scheme brokerage delivering exclusive insurance facilities and financial planning services to the Irish business community.

Buy €250M
Mergr

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