The Ardonagh Group, an independent insurance distribution platform, has completed a $2.5bn equity investment led by funds managed by Stone Point Capital, a US-based private equity firm.
The investment, which values Ardonagh at $14bn, witnessed participation from co-investors associated with Stone Point, as well as Madison Dearborn Partners and HPS Investment Partners.
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The transaction was first announced in December 2024.
Stone Point now holds a significant stake in Ardonagh, joining existing shareholders including Madison Dearborn Partners, HPS Investment Partners, and a wholly owned subsidiary of the Abu Dhabi Investment Authority.
Stone Point co-CEO Jim Carey said: “We are excited to partner with Ardonagh, as well as with MDP, HPS and ADIA. Ardonagh has distinguished itself as a leading platform in the global insurance distribution industry, and we believe that the company is well-positioned for continued growth.”
Ardonagh, which was founded in 2017 through the amalgamation of various UK insurance entities, has grown into a global broking group, placing $18bn of premiums annually.
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By GlobalDataThe group has completed 68 acquisitions in the past year, including the merger with Markerstudy’s personal lines business and the take-private of PSC Insurance Group in Australia.
David Ross, CEO of The Ardonagh Group, said: “Stone Point’s investment and the success of the co-investment process stand together as a resounding endorsement of Ardonagh. Amid a backdrop of global economic uncertainty, our unique proposition, track record and global platform attracted world-class investors who share our vision.”
The group’s capital structure was recently simplified via a refinancing in February 2025, followed by the launch of in March 2025, an initiative aimed at integrating machine learning and data enrichment into its operations.
