18 December 2020Insurance

Brown & Brown buys Irish brokerage in Europe push

US broker Brown & Brown has agreed to acquire the general insurance operations of Ireland-based O’Leary Insurances (OLI) as part of its expansion strategy in Europe.

The Irish broker was founded in 1961 by Archie O’Leary and has over 200 employees operating from eight locations, including Cork, Dublin, Galway and Waterford. OLI specialises in providing commercial and personal insurance.

The transaction is expected to close in January 2021.

Barrett Brown, president of Brown & Brown retail, said: “We are extremely pleased with the relationship we have developed with Anthony and Diarmuid while considering joining with the O’Leary Insurances team to establish Brown & Brown’s flagship in Ireland. Like Brown & Brown, O’Leary Insurances grew from a family owned business to a leader in the Irish brokerage market by empowering its teammates to succeed.

"We are fully confident that we share with OLI the same culture of customer focus by providing unique risk solutions that meet each customer’s needs. I am excited about our future in Ireland and beyond with Anthony, Diarmuid and the O’Leary Insurances team.”

O’Leary stated: “We are delighted to join the Brown & Brown group of companies and view this progression as a huge positive for both the O’Leary Insurances team and our valued customers. We view Brown & Brown’s choice of an Irish company as their European gateway to be a strong endorsement of this country, and O'Leary Insurances are delighted to join an organisation whose culture and values are so similar to our own in so many respects.

"We are particularly pleased to bring the strength and experience of one of the world's largest insurance brokers to the Irish market and are confident that this will be of immense benefit to all in the years ahead.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
9 November 2020   The broker has acquired CoverHound and wholly owned subsidiary CyberPolicy.
Insurance
11 September 2020   The acquired firm provides commercial, surety, personal and employee benefits insurance solutions across the US Southeast region.
Insurance
25 August 2021   The broker has acquired one of the largest insurance agencies in Western Massachusetts.