Atlanta Group News

Ares Management Provides £1 Billion of Loans for UK Insurance Merger

Ares Management Corp. is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two personal insurance businesses in the UK, according to people familiar with the matter. Ardonagh Group — a large borrower in …

Ardonagh Sells £1.2 Billion Insurance Unit to UK Insurer Markerstudy

The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance broking. Ardonagh is selling its Atlanta Group …