The deal is the latest in insurance broking that signals large-scale transactions are heating up in the industry. — Bloomberg
LONDON: Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to US$14bil in three years, according to people familiar with the matter.
The deal will see Greenwich, Connecticut-based Stone Point become a “significant minority shareholder” in Ardonagh, said the people, who asked not to be identified because the information wasn’t public.
