Ardonagh completes Swinton acquisition and MGA sale
The Ardonagh Group has completed the purchase of broker Swinton, while the sale of its commercial underwriting business to Arch has also been finalised.
Ardonagh paid £165m for Swinton, in a deal revealed struck up with former owner Covéa last November. To fund the buy, it raised $235m (£185m) through debt.
Meanwhile, its sale of Geo Underwriting’s
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