Ardonagh Ebitda up a fifth in maiden earnings report

The Ardonagh Group posted adjusted Ebitda of £57.6mn
($78.0mn) in the first six months of 2017, a 21.3 percent pro forma
rise year-on-year, as it reported its first numbers since its
creation earlier this year.
The broad-based insurance group, which is headed up former AJ
Gallagher International CEO David Ross, also disclosed organic
growth of 3.7 percent, booking half-year revenues of
£252mn.
Ardonagh, then known as KIRS, was created in April as HPS
Investment Partners and Madison D