Brown & Brown Agrees to Acquire Irish Broker O'Leary Insurances
Brown & Brown Agrees to Acquire Irish Broker O’Leary Insurances December 22, 2020 Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire the general insurance operating companies of O’Leary Insurances (OLI) in Ireland. The transaction is expected to close in January 2021, subject to certain closing conditions. Financial details of the deal were not disclosed. Headquartered in Cork, Ireland, OLI was founded in 1961 by Archie O’Leary. In 1979, O’Leary’s son Anthony O’Leary joined the firm, a...