24th August 2021: Joseph G Brady Insurance has today announced that they have sold a share of their growing business to Coverys European Holdings (CEH), an agency platform and network specialising in European markets. Brady Insurance are one of Ireland’s leading & longest established firms and operate a retail brokerage, an insurance underwriting agency and are a Lloyd’s coverholder.
The company will continue to be led by Jane Brady, who has served as managing director since June 2005. A family business, Brady Insurance was established in 1959 by Jane Brady’s parents, Joe and Kathleen Brady.
Jane Brady, Managing Director, Brady Insurance, said: “We are delighted to join the CEH network. We are excited to further develop our business which is one of Irelands longest-established and best regarded brokerages. CEH will support our journey of providing superior insurance services both nationally and locally. We also have ambitious expansion plans and look forward to drawing on the strength and expertise of the growing CEH network.”
Brady Insurance will draw on the strength of the European wide network that CEH brings to the table, in order to develop the company further, offer new products to customers and opportunities to their growing team of brokers.
The majority shareholding acquired in Brady Insurance is the fourth such transaction since the inception of the CEH network in January 2020.
Doug Robare, Chief Underwriting Officer, Coverys European Holdings, said: “Brady Insurance is a prime example of the top-quality businesses we are bringing into our expanding network. As an independent, the company has stood the test of time over the last six decades – with their impressive performance a testament to their expertise, the strength of their product base, technology platform and stellar network. Now, as part of the CEH family, I look forward to supporting Jane and her talented team in their next phase of growth.”
Claire Dumbrell, a director in Brady Insurance remarked, "I am delighted that we have become part of the CEH family. We can reassure our customers that this will definitely bring benefits to them over time. They will experience only positive differences; our service levels and the teams they have become used to working with all remain the same"