BGC Partners to sell insurance brokerage business to Ardonagh for $500m
BGC Partners, a US-based brokerage and financial technology company, has agreed to divest its insurance brokerage business to The Ardonagh Group, a UK-based insurance distribution platform, for $500 million in cash. The insurance brokerage business had contributed revenue of nearly $191 million to BGC Partners during the 12-month period ending 31 March 2021. It comprises [] The post BGC Partners to sell insurance brokerage business to Ardonagh for $500m appeared first on Business News Today .
BGC Partners to sell insurance brokerage business to Ardonagh for $500m
BGC Partners, a US-based brokerage and financial technology company, has agreed to divest its insurance brokerage business to The Ardonagh Group, a UK-based insurance distribution platform, for $500 million in cash. The insurance brokerage business had contributed revenue of nearly $191 million to BGC Partners during the 12-month period ending 31 March 2021. It comprises [] The post BGC Partners to sell insurance brokerage business to Ardonagh for $500m appeared first on Business News Today .