The Ardonagh Group has officially closed a major equity investment worth $2.5 billion, led by funds managed by U.S.-based private equity powerhouse Stone Point Capital. The transaction values Ardonagh at an estimated $14 billion, further solidifying its standing as a leading player in global insurance distribution.
This capital raise, initially announced in December 2024, brought in co-investments from Stone Point’s affiliated partners, alongside continued backing from Madison Dearborn Partners (MDP), HPS Investment Partners, and a subsidiary of the Abu Dhabi Investment Authority (ADIA).
With the close of this deal, Stone Point Capital joins Ardonagh’s existing group of shareholders in a significant capacity, reinforcing investor confidence in the company’s global growth strategy.
A Strategic Bet on Scale and Specialization
Stone Point co-CEO Jim Carey highlighted the firm’s rationale behind the investment:
“We’re proud to join forces with Ardonagh, MDP, HPS, and ADIA. Ardonagh has established itself as one of the most dynamic and well-positioned platforms in international insurance distribution.”
Founded in 2017 through the merger of several UK-based insurance firms, Ardonagh has evolved into a global-scale broker, facilitating over $18 billion in annual premiums. In the past year alone, the group has completed 68 acquisitions — including high-profile deals such as the merger with Markerstudy’s personal lines division and the full buyout of Australia-based PSC Insurance Group.
Strengthened Capital, Smarter Operations
The equity infusion follows a broader streamlining of Ardonagh’s capital structure in early 2025, marked by a major refinancing initiative. Just a month later, the company launched a tech-forward project focused on embedding machine learning and data-driven tools across its operations — signaling its intent to lead the next phase of digital transformation in the insurance space.
CEO David Ross welcomed the investment as validation of Ardonagh’s differentiated model:
“At a time when macroeconomic conditions remain volatile, the level of interest in this transaction is a strong endorsement of our long-term vision, scale, and performance.”
Looking Ahead
With its valuation at $14 billion and support from a growing consortium of global investors, Ardonagh is poised for further expansion — both in terms of geographical reach and digital sophistication. The investment not only bolsters its acquisition capacity but also positions the group to shape the future of tech-driven insurance distribution at scale.
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