Brown & Brown announced it will acquire general insurance company O’Leary Insurances (OLI), with an expected closure in January.
Founded in 1961, OLI is an independently-owned brokerage based in Ireland. The company provides customer service for commercial and personal insurance needs from operating locations in Dublin, Cork, Galway, Waterford and abroad.
“We are extremely pleased with the relationship we have developed with Anthony (O’Leary, majority owner) and Diarmuid (Nolan, deputy managing director) while considering joining with the O’Leary Insurances team to establish Brown & Brown’s flagship in Ireland,” Retail President Barrett Brown stated. “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,” Brown stated. “I am excited about our future in Ireland and beyond with Anthony, Diarmuid and the O’Leary Insurances team.”
The OLI team includes more than 200 employees who will continue to operate from their current locations under O’Leary’s leadership. The company will report to Brown.
“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,” O’Leary stated. “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. 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.”
