Fourth acquisition from the country’s largest nationwide insurance broker in 2025
Arachas, the country’s largest nationwide insurance broker, today announced the acquisition of Craftinsure Ireland Limited in a move that will further strengthen its insurance offering in the marine sector. This is the fourth acquisition announced by Arachas in 2025, following other deals announced in Galway, Cavan and Cork.
Craftinsure Ireland Limited (CII), established in Ireland in 2008, is a market leader in the pleasure craft sector and was and is currently the country’s only pure Quote and Buy marine insurer in the country.
Recognising the complexity of the marine industry in Ireland CII has a suite of products especially adapted for the Irish market with 14 different risk categories covering powered craft and sailing boats along with canoes, rowing boats and other craft. The advanced quote system can provide instant quotes for any craft split between the 14 risk segments in as little as 3-7 clicks.
The business is led by CEO Paul Ivory and he and his staff will transfer over to Arachas upon completion of the deal.
Commenting on the acquisition, Joey Wynne, CEO Arachas said ;“ We admire the specialisation and expertise of Craftinsure Ireland Limited team and are pleased that they have agreed to join the Arachas family and further strengthen our position in the marine insurance market. We look forward to welcoming the team into our business and developing further in this important sector.”
Speaking on behalf of Craftinsure Ireland Limited, Paul Ivory, CEO, stated” Having established the business in 2008 to cater for the Irish pleasure craft market, we developed the business to a position where we are a leader and innovator in the market. I would like to thank all our customers who have supported us over the years and can reassure them that it will be very much business as usual and will be even better with the expertise of Arachas, a local and global business behind us, and we are looking forward to the challenge.”
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About Arachas:
Arachas is Ireland’s largest nationwide insurance broker, employing over 700 professionals across 14 offices. We provide a comprehensive range of insurance products and services for both commercial and personal clients, leveraging our extensive relationships and deep market knowledge. Arachas is part of the Ardonagh Group, one of the world’s largest independent insurance distribution platforms and a top 20 global broker with a combined workforce of 12,000 colleagues and a network spanning 250+ locations in more than 30 countries.
Arachas is committed to innovation, offering unique sector-specific solutions for complex insurance needs while fostering an inclusive workplace. We actively engage in community initiatives, including partnerships with charities like Cancer Fund for Children, rolling out the 26 Mountains2Mayo campaign to support vital resources for families and children battling cancer.
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