The Ardonagh Group completed 68 acquisitions in 2024 and announced a 24% rise in reported income to approximately £1.5bn. It said reported adjusted EBITDA grew by 31% to £527m. During the year, the group expanded its international footprint, entering Spain and New Zealand for the first time. In February 2025, it refinanced group borrowing and its average cost of debt is now 7.5%.

David Ross (pictured), group chief executive officer of The Ardonagh Group, said: “2024 was a coming of age for Ardonagh. We started the year with a successful refinancing, completed the merger of our retail business Atlanta with Markerstudy, and took PSC Insurance Group private in our biggest acquisition to date. All while continuing to strengthen our position in the UK and executing a targeted M&A strategy in our chosen markets globally.

“Our established P&C platforms are well positioned for continued organic growth, and our Specialty business is reaping the benefits of new hires, placement initiatives and its connections with the broader group.”