[ad_1]
Campion Insurance coverage, an Irish unit of UK-based specialist insurer PIB Group, has concluded the acquisition of Ennis-based brokerage Munstergroup Insurance coverage.
The businesses didn’t disclose the monetary phrases of the deal.
Munstergroup presents insurance coverage protection for properties, automobiles, vans, enterprises and farms, aside from medical insurance.
The most recent deal, a part of the corporate’s acquisition spree, takes the variety of corporations acquired by Campion this yr to 9.
With the closure of the deal, Pádraic McNicholas – who presently leads Munstergroup – will step again from the enterprise and Michael Henchy will lead the acquired enterprise.
Campion Insurance coverage CEO Jim Campion mentioned: “I’m delighted that Munstergroup Insurance coverage is now a part of Campion Insurance coverage and PIB Group.
Entry probably the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain electronic mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we wish you to take advantage of
useful
determination for your online business, so we provide a free pattern you can obtain by
submitting the beneath kind
By GlobalData
“I’m very impressed by the ability, dedication and ambition of the folks within the enterprise, and I’m trying ahead to working with them sooner or later.
“Now that they’re a part of Campion Insurance coverage and PIB we will help the enterprise because it grows giving folks the chance to succeed in their potential.”
Campion famous that the most recent acquisitions are strategically positioned to satisfy the necessities of its shoppers.
The corporate offers a broad suite of companies and options reminiscent of specialist business merchandise, motor and residential insurance coverage, and life and pensions choices.
Munstergroup Insurance coverage Michael Henchy mentioned: “The announcement of the acquisition of Munstergroup Insurance coverage by PIB Group is nice information for our shoppers and group.
“I’m trying ahead to working with them to develop this enterprise additional and to provide our group each alternative to develop and develop their careers with this enterprise.”
PIB forayed into the Irish retail market in April 2021 by buying insurance coverage dealer Creane & Creane Insurance coverage.
Subsequently, the corporate acquired Oliver Murphy Insurance coverage. PIB acquired Campion Insurance coverage in a deal value greater than €70m ($74.36m).
In February this yr, PIB Group enhanced its UK and Irish presence with the buyout of Jigsaw Insurances Companies, Landmark Insurance coverage and Halligan Insurance coverage for an undisclosed sum.
[ad_2]