O’Leary sells insurance business to US firm Brown & Brown
The Business Post understands the transaction is worth in the region of €100 million
O’Leary Insurances, Ireland’s largest independent brokerage, has agreed to sell its general insurance business to Brown & Brown Insurance, a New York-listed broker.
The terms of the deal, which is expected to close in January 2021, were not disclosed but the Business Post understands the transaction to be worth in the region of €100 million. The deal was confirmed by Brown & Brown in a statement to the New York Stock Exchange this morning.