Arachas set to acquire John Brady Insurances

Arachas, the country’s largest nationwide insurance broker, today announced its agreement to acquire John Brady Insurances Limited (“JBIL”) for an undisclosed sum.

Based in Loughduff, Co Cavan, the purchase of John Brady Insurances is in line with Arachas’ strategic plans to strenghten its footprint in the Border and Midlands region as part of its national growth plan.

It comes on the back of several acquisitions around the country last year, including McDonald Dwyer Reddy & Byrne Insurances Limited in Waterford; Gerry O’Mahony Insurance in Limerick and Gilmartin Insurance in neighbouring Leitrim.

Founded in 1955, John Brady Insurances Limited is a family-owned brokerage, primarily serving the local market and the surrounding area.

The company is run by Ciaran Brady, who is supported by a wider team, with both personal lines and commercial line products. It specialises in commercial insurance products for SMEs and the agricultural sector including farm insurance, property insurance, vehicle insurance, home insurance and liability insurance.

Post-acquisition, Ciaran Brady and all staff will transition into the Arachas business, while continuing to provide customers with the excellent service they are accustomed to.

Ciaran Brady, speaking on behalf of John Brady Insurances said:

"I’d like to thank my team and customers for their loyalty over the years. This new era with Arachas opens up new opportunities for the team in terms of career development and our customers will benefit from a wider range of products and services, while still enjoying that excellent service that they expect.”

Commenting on the agreement, Joey Wynne, CEO Arachas said:

“Over the last four years, Arachas has sought to grow its national presence by acquiring well managed and respected businesses with strong local roots and connections in their communities to further bolster the nationwide reach of Arachas. John Brady is one such company that we have admired and we are delighted to be able to bring them into the Arachas family.

"We are committed to growing the business further for the benefit of the staff and customers. I am delighted that Brady Insurances have chosen Arachas for their next stage of growth and I’ve no doubt, there are many opportunities in the region that we will pursue together.”