Ardonagh reports growth despite MGA headwinds
Ardonagh Group has reported a 30% growth in its adjusted Ebitda last year, despite pressure in its managing general agent services and corporate business.
During the year 2017, Ardonagh’s Ebitda in its MGA services business went down from £17m in 2016 to £13.2m, a 22% decline. The group experienced Ebitda losses in its corporate business of £5.4m, a 2.2
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