US firm Stone Point Capital invests in Irish-led insurance broker Ardonagh, valuing it at $14 billion.
Ardonagh Group, an Irish-led insurance broker, has secured a $14 billion valuation following an investment from US private equity firm Stone Point Capital. This deal nearly doubles Ardonagh's previous valuation and is expected to complete in mid-2025, making Stone Point a significant shareholder. Ardonagh, which operates mainly in the UK, has seen substantial growth, including a recent acquisition in Australia. The investment positions Ardonagh to expand further in the global insurance market.
3 months ago
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