Brady Insurance Completes Buy-Back from Coverys Ireland Holdings Ltd.
Brady Insurance, with offices in Carrick on Shannon and Dublin, are excited to announce the buy-back of its' majority ownership from Coverys Ireland Holdings Ltd. It marks a significant milestone for the company, wherein the original shareholders now take the company forward with a renewed commitment to further growth and strong customer-focused service.
In August 2021, Joseph G. Brady Insurance announced that they had sold a majority share of their business to Coverys European Holdings (CEH), an agency platform who also held other European holdings. Following that consolidation the company rebranded and expanded with the acquisition of Loftus Insurance in 2022.
Brady Insurance shareholders, Jane Brady and Colm McGrath, have taken the opportunity to reclaim full ownership , a move that is audacious in the current Irish Insurance Market. Brady Insurance will continue to work with Coverys International Insurance Company, providing insurance capacity for specialty liability products in the Irish market.
Comments from the Directors
“We are proud to go back to our roots ,”
said Jane Brady, Managing Director.
“This buy-back signifies our strength as a privately owned Irish Broker and our commitment to serving our clients with the same dedication and ethos that have defined us since our founding in 1959. Our robust team of over 40 professionals is eager to embrace the opportunities ahead.”
Claire Dumbrell, Director, expressed her enthusiasm about the deal, stating, “We're delighted to take back full ownership of Brady Insurance. We embrace the opportunity to shape our own path, with the integrity and passion that has always been at the heart of our company.”
Future Plans
Brady Insurance has continued to grow and evolve, recently earning a nomination for the Commercial Insurance Broker of the Year 2024 by Brokers Ireland. The management team, including Claire Dumbrell, Trish O’Hagan, Brid McTiernan, and Diane Philips, is excited about the future and the potential for continued growth in the insurance market.
“In this time of broker consolidation, Brady Insurance will stand strong, poised to compete and innovate in the market using the exceptional talent of our growing team,”
added Jane Brady.
Brady Insurance are one of Irelands most reputable and successful brokerages, and look forward to continuing the top class insurance broking services to clients nationwide. Read more here about their History and Core Values,
The buy back received coverage in the Sunday Independent, The Irish Independent, Business Plus Magazine and our own local Leitrim Observer newspaper.