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Monday, April 15, 2024

Arachas buys normal insurance coverage enterprise of Eire’s Tom Fogarty

Irish insurance coverage dealer Arachas has acquired the overall 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 mentioned: “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 consistent 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 many years of service, is an unbiased brokerage based mostly in Tipperary City. It affords insurance coverage options for private and medium-sized enterprise shoppers.

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The newest 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’ve got had over 60 years in enterprise, servicing the individuals of Tipperary City and wider space and I want 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 traditional, 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 properly.”

A part of the unbiased insurance coverage distribution platform Ardonagh Group, Arachas gives consultancy on your complete vary of insurance coverage services for industrial and home prospects.

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