Irish insurance coverage dealer Arachas has acquired the final insurance coverage enterprise of home peer Tom Fogarty Insurance coverage Brokers, additional cementing its presence in Tipperary.
Monetary particulars of the deal weren’t revealed.
Arachas expects the acquisition to boost its choices, notably in motor and residential insurance coverage, to the residents of Tipperary and East Limerick within the Republic of Eire.
Arachas mid-west regional director Daniel Hennessy stated: “Tom Fogarty Insurance coverage Brokers is a wonderful match for Arachas within the Mid-West as the prevailing buyer base is similar to our present workplaces within the space and in step with our strategic plans to bolster our presence within the Mid-West area.
“Following the acquisition of this well-run, long-standing brokerage, we consider each present workers and prospects will combine seamlessly into our enterprise.”
Tom Fogarty Insurance coverage Brokers, with over six a long time of service, is an unbiased brokerage primarily based in Tipperary City. It gives insurance coverage options for private and medium-sized enterprise shoppers.
Entry probably the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e-mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we would like you to take advantage of
helpful
choice for your corporation, so we provide a free pattern which you could obtain by
submitting the under type
By GlobalData
The most recent transfer follows Arachas’ earlier funding in Tipperary with the acquisition of O’Donoghue Hooper Dolan in 2020.
Talking on behalf of Tom Fogarty Insurance coverage Brokers, Michael Fogarty famous: “We have now had over 60 years in enterprise, servicing the individuals of Tipperary City and wider space and I wish to thank each our workers and prospects.
“Our workers will switch on to Arachas and it is going to be very a lot enterprise as normal, whereby our prospects can proceed to deal instantly with the identical workers and they’re going to now have entry to a a lot wider vary of insurance coverage merchandise as nicely.”
A part of the unbiased insurance coverage distribution platform Ardonagh Group, Arachas offers consultancy on the complete vary of insurance coverage services and products for industrial and home prospects.
