Irish market News

Aston Lark Ireland Acquires Dublin-Based Broker A.R. Brassington & Co.

Continuing its rapid pace of expansion, Aston Lark Ireland announced the acquisition of A.R. Brassington & Co. Ltd., a subsidiary of the ARB Group. Established in 1929 and based in Dublin, Brassington Insurance is one of Ireland’s oldest insurance brokerages, …

NFP Acquires Dublin-Based P/C Broker Aiken Insurances

NFP, a New York City-based insurance broker and consultant, announced it has acquired Aiken Insurances Ltd. (AIL). Financial details of the deal were not disclosed. Dublin-based AIL is a retail and commercial insurance broker which has successfully operated in specialist …

UK’s Managing General Agents’ Association (MGAA) Expands to Republic of Ireland

The UK’s Managing General Agents’ Association (MGAA) has expanded its membership into the Republic of Ireland (ROI) following an initiative driven by Chief Executive Mike Keating. The move to enable MGAs, insurers and suppliers to join the association is designed …

Ireland to Introduce Laws to Make Insurers, Bankers Accountable for Corporate Failings

DUBLIN – Ireland will introduce long-anticipated laws to make senior bankers and executives in other financial sectors directly accountable for failings at institutions over the next 12 to 18 months, Finance Minister Paschal Donohoe said on Tuesday. Donohoe had planned …

BHSI Introduces D&O Liability and Professional Indemnity Policies in Ireland

Berkshire Hathaway Specialty Insurance (BHSI) announced it has added to its customized suite of directors & officers (D&O) liability and professional indemnity policies, for customers in Ireland. The company has launched a new suite of “Professional First” coverages, which includes …

Insurance Broker Aston Lark Ireland Buys McMahon Galvin Ltd. in Dublin

Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial terms of the deal were not disclosed. Based in Dublin, McMahon Galvin was founded in 1970 and has built a …

Irish Judges Back Guidelines for Personal Injury Awards to Cut Insurance, Legal Costs

DUBLIN – Ireland’s judges voted on Saturday to adopt new guidelines for personal injury claims that aim to reduce the size of awards for minor injuries and encourage early settlements as a way to reduce legal fees and in turn …

UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover

Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland. The partnership between Brite and Zego means that businesses, university campuses and delivery services that use …

Irish Pubs Entitled to Get Lockdown Insurance Payments from FBD: High Court Ruling

DUBLIN – Ireland’s High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a test case that could have implications for over 1,000 similar contracts. Irish pubs have …

Brown & Brown Agrees to Acquire Irish Broker O’Leary Insurances

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 …