Ardonagh Group names new CFO, CRO

UK insurance intermediary Ardonagh Group has appointed Diane Cougill as chief financial officer (CFO) and Sarah Dalgarno as chief risk officer (CRO).

Cougill has been an advisor to the group executive at the company. She was previously CFO and insurance director of the motoring and financial services group RAC.

Dalgarno was appointed strategic risk director of The Towergate Group in May 2016, where she headed up a legacy resolution unit leading the simplification of Towergate’s legal entity structure and tackling liabilities.

Prior to Ardonagh, Dalgarno worked at Arthur J Gallagher, where she spent nine years, latterly as CRO. Previously, she managed the London Market insurance brokers team at the FSA.

Commenting on the appointments, CEO of The Ardonagh Group, David Ross said: “Diane has been working closely with the team at Ardonagh over the past couple of months on our full year 2017 and Q1 2018 financial results, closely followed by the completion of a successful £98m bond raise. Her advice and counsel over this time has naturally evolved into this appointment, which we are delighted to confirm today.

"Working closely with Antony Erotocritou as group finance director, Diane is a hugely complementary addition to our finance leadership, bringing unique experience to the Executive table and working closely with our shareholders and the broader investment community."

Ross added: "Sarah has spent the last two years tackling a project that only she could have done – the unravelling of legacy issues in Towergate which sat at the heart of the turmoil that engulfed the company back in 2014. There was one person the Board and shareholders entrusted this crucial task to; Sarah and her team have successfully liquidated and removed almost 50 percent of Towergate’s legal entities from the organisational structure, with 80% of Towergate’s distribution business now being renewed into a single legal entity, culminating in the rollout of Acturis across the advisory branch network.

"With the back end of Towergate fixed, Sarah now steps into the CRO role for Ardonagh, where she deploys her commercial approach to working in a regulated environment so expertly.”

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