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May 2, 2022

Brown & Brown eyes Irish market via Quinlan Insurance deal

US-based insurance broker Brown & Brown has signed a deal to buy the general insurance business of Patrick Quinlan Insurance (Quinlan Insurance). 

Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Brown & Brown did not disclose the financial terms of the deal, which is expected to close in June 2022. 

Quinlan Insurance is a boutique-style commercial insurance brokerage based in Dublin, Ireland.  

With over three decades of experience in insurance advisory, Patrick Quinlan founded Quinlan Insurance in 2008. 

It provides commercial insurance advice, services, and solutions to a wide range of commercial segments.

One of its specialisations is in providing property insurance services to apartment block management firms and property owners and their agents.

Brown & Brown retail segment president Barrett Brown said: “Patrick demonstrated the entrepreneurial spirit valued by Brown & Brown in building his successful agency. We are excited about the capabilities that the Quinlan Insurance team brings to our O’Leary Insurances operations and the further growth and enhancement of our presence in Dublin.”

Patrick Quinlan said: “I truly welcome this agreement. It will benefit our customers and our staff and provides certainty in these uncertain times. This opportunity will allow us to continue growing our business and focusing on our customers in partnership with O’Leary Insurances and Brown & Brown.”

In March 2022, Brown & Brown brokered a deal to buy Global Risk Partners (GRP) for an undisclosed sum. 

GRP is said to employ over 2,100 insurance professionals in more than 110 locations across the UK and Ireland.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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