Brown & Brown buys Irish brokerage in Europe push
18-12-2020
10-08-2020
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.