The Ardonagh Group has secured an equity investment from US-based private equity firm Stone Point Capital LLC. The deal is forecast to complete in mid-2025 and will make Stone Point a significant investor in the business.

David Ross (pictured), CEO of The Ardonagh Group, 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.”

Jim Carey, co-CEO of Stone Point, added: “We are thrilled to partner with the Ardonagh management team alongside MDP and HPS. We believe that Ardonagh is a leading platform in the global insurance distribution space, with an impressive track record of both organic and inorganic growth.”