Ardonagh Completes on BGC Partners Deal

The Ardonagh Group today announces that, further to the announcement on 26 May 2021, it has completed its $500 million acquisition of the insurance operations of BGC Partners, Inc. Besso Insurance, Ed Broking, and Piiq Risk Partners will join Bishopsgate, Compass London Markets, Inver Re and Price Forbes in the Ardonagh Specialty and Capital platform, creating the largest independent specialty broker in the London market with offices across the globe.

The Ardonagh Specialty leadership team includes James Masterton as Chairman of Specialty Broking and Andrew Wallin as CEO of Specialty Broking alongside Steve Hearn as CEO of Reinsurance and Capital and Antony Erotocritou as CFO.

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