Global insurance broker Ardonagh secures investment from Stone Point Capital valuing the Group at $14 billion
The Ardonagh Group today announces an equity investment from funds managed by Stone Point Capital LLC, a leading alternative investment management firm focused on the global financial services and related industries. The investment values Ardonagh at $14 billion.
Group Chief Executive David Ross said: “Stone Point’s investment in the Group marks a new phase in our extraordinary journey over the past few years to become the $14 billion business we are today. Their support reflects conviction in the strength of Ardonagh’s business and continued momentum, and redoubles our commitment to independence in a consolidating market.
“We look ahead to a future backed by partners whose deep understanding of our industry, expertise and networks will be invaluable as we capitalise on Ardonagh’s unique position in the global insurance market to deliver value to our clients, shareholders and people.”
