Insurance broker consolidator PIB Group has added to Landmark Insurance and Halligan Insurances to its network in Ireland.
The purchases were effected through the PIB subsidiary Campion Insurance, which leads PIB’s Irish division.
Following the acquisitions, the total headcount for PIB in Ireland is now 400 employees, according to the company.
Landmark Insurance is a Santry insurance broker with 11 staff core general business units of commercial and personal lines with a niche life and pensions business.
Landmark operates the QuickQuotes.ie brand, which specialises in car, van and home insurance and forms part of the acquisition.
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Halligan Insurances provides professional insurance products and services to members of trade unions, affinity groups and staff organisations. It has been trading for over 40 years.
PIB said that following completion of the deals, Mark Pringle will continue to lead Landmark and Brian Halligan will become managing director of Halligan Insurances.
Mark Pringle commented: “We are delighted to now be part of the PIB Group and look forward to working with Jim Campion and Campion Insurance to drive growth of the business in Ireland.”
Michael Halligan stated: “Our business has experienced rapid growth over the last number of years. Being part of PIB will provide access to a broader range of products and markets. “
Jim Campion said the latest acquisitions “highlights our ambition in the Irish market and aligns with our strategy of developing our specialist insurance offerings”.
Campion added: “I would like to pay tribute to Michael Halligan as he exits the business. He has built a very successful business, and is a stalwart of the insurance industry.”
Campion signalled that PIB and Campion Insurance “will continue to invest significantly in the Irish insurance market and attract more local brokers to the growing division”.
According to Renatus, PIB was advised by law firm DLA Piper. led by Matthew Cole, Maria Hickey and Dara McDonald. Financial and tax due diligence was undertaken by Mazars, led by Mark Mulcahy, Anthony Shiel, Kevin Hogan, Robbie Graham, Gerry Vahey and Nicole Hanlon.
Halligan Insurances legals were handled by Mason Hayes & Curran, led by Cara Cooke and Andrew Fenton, with PKF duo David Lucas and Patrick Keane advising on the deal.
Landmark Insurance took legal counsel from Wallace Corporate Counsel.
