Brown & Brown Makes Brokerage Acquisition

Brown & Brown makes brokerage acquisition

Florida-headquartered insurance brokerage Brown & Brown, Inc. is acquiring the general insurance operating companies of Irish family-run business O’Leary Insurances Ltd (OLI) for an undisclosed sum.    

With its workforce of more than 200 people in eight locations – including Cork, Dublin, Galway, and Waterford – OLI specializes in commercial and personal insurance broking for clients not only in Ireland but also overseas. The company was founded by Archie O’Leary in 1961.

“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,” commented Archie’s son Anthony, the majority owner of OLI who came onboard in 1979.

“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 organization whose culture and values are so similar to our own in so many respects.”

OLI, which will report to Brown & Brown president for retail Barrett Brown, will continue to operate from its existing offices under the leadership not only of Anthony but also of Diarmuid Nolan, Brian Lennon, Michael Tarpey, and Rossa Williams.

The younger O’Leary added: “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.”

Brown, meanwhile, is “extremely pleased” and highlighted the similarities between the two organizations. 

“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,” noted the retail president.

“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.”

RECENT NEWS

Insurance, Investments, And A Baccarat Hotel: Inside Sunshine's Diversified Empire

Founded in 2005 and headquartered in Beijing, Sunshine Insurance Group Co Ltd has grown into one of China’s most promi... Read more

Helping Hands: Missouri Insurance Experts Bridge The Gap For Tornado-Impacted Residents

On March 14, an EF-2 tornado swept through Phelps County, Missouri, causing significant damage to homes and businesses, ... Read more

Insuring The Uninsurable: Cyber Attacks Expose Fault Lines In UK's Risk Architecture

LONDON — The UK's traditional approach to insuring against large-scale threats is under increasing strain, as cyber at... Read more

Insurance In A Fragmenting World: How Protectionist Policies Are Reshaping The Market

Protectionism is on the rise across global markets, and its impact is being felt beyond trade and manufacturing. Accordi... Read more

Prudentials Profit Stumble: Can The Insurer Overcome China's Market Challenges?

Prudential, one of the largest life insurers in Asia, faced muted profit growth in 2024 as challenges in its core China ... Read more

Lower Insurance Premiums, Higher Approvals: The Power Of Accurate Property Valuations

For many borrowers, securing a mortgage is not just about income and credit scores—it’s also about managing costs li... Read more