Ardonagh losses total £67.7mn in 9M as operating profit climbs

Private equity-owned UK broker consolidator The Ardonagh Group saw its pre-tax loss reach £67.7mn ($87.51mn) in the first nine months of the year (9M2018: -£48.9mn) but the David Ross-led group reported organic growth of 4.6 percent and saw a notable improvement in its underlying performance.