Arachas further strengthens its position in the marine sector with the announcement of its intention to acquire D&D Insurances Ltd.
Latest in series of acquisitions from Arachas, bringing more specialist experience to the country’s largest nationwide Insurance Broker.
Arachas today announced its intention to acquire the specialist Marine Insurance Broker, D&D Insurances Ltd, for an undisclosed sum. The acquisition will make Arachas, the leading player in the commercial marine market in Ireland and will further bolster its position, as the leading nationwide broker in the country with over 650 employees nationwide*.
D&D Insurances, based in Dublin, has been serving the Irish marine community, since 1986 and has long established relationships with the key fishing ports and marine vessels around the country. The company is based in Dublin and has 4 employees.
Commenting on the deal, Conor Brennan, CEO Ardonagh Europe and Arachas said, “We are delighted to extend our expertise and experience in the marine sector, with the acquisition of D&D Insurances. Our strategy has always been to look to acquire well managed companies, specializing in specific market sectors. D&D Insurances will be a great addition to the Arachas family. It will deepen our existing credentials in the marine sector and expand insurance options for our customer base and also for D&D Insurances’ existing customers. We would like to thank the management of D&D Insurances for their faith in Arachas and look forward to welcoming them and their employees to the Arachas family”.
On behalf of D&D Insurances Ltd, Barry Donnellan, CEO added. “Since 1986, we have provided a nationwide service to the Irish Fishing community with valued clients all around the coast and we have built our reputation, by providing the highest levels of service to our loyal clients.
For the next stage of our development, we are pleased to be joining Arachas and look forward to the additional opportunities, that this will provide our existing clients and staff. All of our clients will continue to be serviced by the same team, who they are used to and trust. I would like to thank them and all my staff, for their loyalty over the years.”
*subject to business transfer from 1st March 2023 following the acquisition of Frank Glennon Ltd, Frank Glennon (Life & Pensions) Ltd and Administration and Management Services Ltd
Arachas, which means Insurance in Irish, is the largest nationwide insurance broker in the country with over 650 employees. We specialise in protecting Irish entrepreneurial spirit - the backbone of the Irish economy. We do this by combining our knowledge of the insurance issues facing Irish people, in business and in their day-to-day life, with our access to solid and reliable insurance providers. Arachas was acquired by Ardonagh – the UK’s largest independent insurance distribution platform and a top 20 broker globally, with more than 150 locations and a combined workforce of more than 9,000 employees. www.arachas.ie
About D&D Insurances Ltd
D&D Insurances Ltd have been looking after the Marine Insurance needs of the Irish fishing community for over 35 years. Founded in 1986, the Company has grown to become one of Ireland’s leading and most respected Insurance Brokerage’s in the specialised field of Marine Insurance. D&D provides a nationwide service with valued clients in all Fishing Ports around the Country.
brendan.murphy@teneo or 087 2051111.