Ardonagh plans to acquire Carole Nash in £60mn deal

Expansive insurance group Ardonagh is set to seal a deal to acquire
UK motorcycle specialist Carole Nash for just over £60mn
($78mn) from French insurer Groupama, The Insurance
Insider can reveal.
Banking sources said that the insurance group, led by former AJ
Gallagher International CEO David Ross, had fought off competition
for the broker from New York private equity house JC Flowers, which
acquired major MGA UK General earlier this year.
Ardonagh already has a major foothold in speciali