Arachas to acquire Glennon Insurances

Arachas Corporate Brokers, which is a subsidiary of The Ardonagh Group, is to strengthen its position in Ireland through the acquisition of Frank Glennon Ltd, Frank Glennon (Life & Pensions) Ltd and Administration and Management Services Ltd.

Glennon Insurances operates in corporate, SME, employee benefits, financial planning and affinity home and motor businesses, with approximately £67m in gross written premium and more than 100 employees.

Conor Brennan , CEO of Ardonagh Europe and Arachas, said: “The similarities between Arachas and Glennon Insurances, in terms of our business and our people-first culture, put us out in front, in a highly contested race, to acquire Glennon. Their broking capacity and ability to manage risk over a long period of time is impressive.

“This, together with their experience in general insurance, life, pensions and business insurance is all highly complementary, to the rapidly growing Arachas business. I’m delighted to be adding Glennon to a reputable list of Irish family businesses, who are now thriving under the Arachas brand.”

John Bissett, CEO, Glennon Insurances added: “With many potential buyers approaching us, Arachas stood out as a partner who shares our family business values and our approach to listening to our clients so that we can find the best way to protect what matters most to them.”

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