M&A Deal Summary

Ardonagh Group Acquires BGC Partners - Insurance Brokerage Business

On May 26, 2021, Ardonagh Group acquired insurance company BGC Partners - Insurance Brokerage Business for 500M USD

Acquisition Highlights
  • This is Ardonagh Group’s 5th transaction in the Insurance sector.
  • This is Ardonagh Group’s largest (disclosed) transaction.
  • This is Ardonagh Group’s 2nd transaction in the United States.
  • This is Ardonagh Group’s 1st transaction in New York.

M&A Deal Summary
Date 2021-05-26
Target BGC Partners - Insurance Brokerage Business
Sector Insurance
Buyer(s) Ardonagh Group
Deal Type Divestiture
Deal Value 500M USD

Target

BGC Partners - Insurance Brokerage Business

New York, New York, United States
BGC Partners' Insurance Brokerage Business is a provider of insurance services that comprises Ed Broking Group and Besso Insurance (which were recently grouped together under the brand of Corant Global) comprising global wholesale and specialty (re)insurance broker Ed, Lloyd’s broker Besso, aviation specialist Piiq Risk Partners, German marine broker Junge, UK based MGA Globe Underwriting, Australian MGA Epsilon Underwriting, and European MGA Cooper Gay.

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Buyer(S) 1

Buyer

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 5 of 7
Sector (Insurance) 5 of 7
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 AccuRisk Solutions

Chicago, Illinois, United States

AccuRisk Solutions is a managing general underwriter specializing in medical stop loss, occupational accident, and supplemental health products for small and mid-sized businesses. AccuRisk Solutions was founded in 2017 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 MDS Group

Piso, Portugal

MDS Group is a multinational group doing business as an insurance and reinsurance broker and risk consultancy, with a presence in over 125 countries. MDS offers risk transfer solutions that function as an alternative to the traditional insurance market. MDS also works with benefits management and flexible benefits through the companies 838 Soluções (Brazil) and Coverflex (Portugal). MDS Group is based in Piso, Portugal.

Buy -
Mergr

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Company

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