Autonet
Market Moves: February 2018
Some of the movers and shakers in the market this month
David Newman to step down as CEO of Carole Nash
David Newman is to step down as CEO of Carole Nash following its acquisition by The Ardonagh Group.
Ardonagh buys Carole Nash and Mastercover
Newly formed broking group Ardonagh has acquired Altrincham-based motorcycle broker Carole Nash and Hertfordshire-based broker Mastercover.
Solera sells platform following Autodata merger investigation
Solera has sold a portion of its business as a result of a competitions watchdog investigation following its acquisition of Autodata.
Integration not on the cards at Ardonagh: Ross
The Ardonagh Group will not look to integrate the businesses under its control, the company’s CEO told Post.
Ardonagh adjusted Ebitda up 21.3% in first earnings report
The Ardonagh Group posted adjusted Ebitda of £57.6m in the first six months of 2017, a 21.3% rise year-on-year.
Ardonagh Group acquires Healthy Pets
The Ardonagh Group, the Towergate holding company, has acquired Petersfield-based Healthy Pets.
Week in Post: Brexit, redundancies and consolidation
This week we saw the ‘Great Repeal Bill’ being introduced to Parliament, a key waystone on the long and arduous journey to leaving the European Union.
Direct Group mulls ‘acquisition opportunities’ following takeover by Towergate backer
Newly-renamed Direct Group will “consider acquisition opportunities” following its own takeover by Towergate-backer KIRS Group.
Towergate group company to launch under new brand name
The insurance giant created from Towergate and other companies is set to relaunch under a new name and branding, following the completion of a £800m bond offering.
Towergate broking giant prices £800m bond offering
The broking giant formed from the merger of Towergate and other firms has confirmed the interest rates for its £800m bond offering, announced last month.
Broking giant created from Towergate issues £800m bond offering
The insurance broking giant created from the merger of Towergate and other firms has put out a £800m bond offering and a £90m credit facility.
Week in Post: Bonsai trees, jelly beans and the thousand-yard stare
The majority of the Post team started the week as ‘virgins’ of the British Insurance Brokers’ Association annual conference. This morning, I see most of them have the same look in their bloodshot eyes. War veterans call it the thousand-yard stare.
Newly-formed Towergate successor to target rapid growth
The as yet-unnamed general insurance group formed out of Towergate and other brokers has ambitious plans to expand its revenue.
#BibaFever: B-B-Q: Aviva, Towergate and Zurich set out insurance industry demands for new UK Government
As the British Insurance Brokers’ Association got underway in Manchester this morning, the #BibaFever team went out to grill senior executives about the issues that matter.
Broker Network will not rejoin Towergate, CEO confirms
Broker Network will not rejoin Towergate as part of HPS and MDP’s newly formed general insurance giant.
Towergate backers launch general insurance giant
Towergate backers HPS Investment Partners and Madison Dearborn Partners will consolidate Towergate with Autonet, Chase Templeton, Price Forbes and Ryan Direct to form a general insurance giant.
Autonet hires 80 former Towergate staff for new Manchester office
Autonet Insurance Services has hired 80 former Towergate employees as it opens a new office in Manchester.
Post Power List 2017: Oliver Feix
Managing director, HPS Investment Partners
Autonet MD Donaldson says it can now focus 110% on growth after HPS deal
Autonet Insurance Services has agreed a majority sale to an investment vehicle established by Towergate backer HPS Investment Partners.
Autonet uses data cracker to inform pricing
Van insurance broker Autonet has gone live with a software solution that tracks customer data to inform pricing.
Autonet Insurance Services
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