Cornmarket, the country's biggest public sector financial services' broker, has bought Marsh Ireland's personal lines insurance business, which it described as a strategic move in support of its ambitious growth agenda.
Cornmarket currently works with over 40 public sector trade unions, associations and employers and has over 50 years of experience in the Irish insurance market.
It said its latest acquisition supports its long-term growth strategy by expanding its presence in the personal lines insurance sector, while it also enhances its ability to serve its existing 240,000 public sector customers, as well as broadening its customer base across Ireland.
Cornmarket will integrate Marsh Ireland's personal lines insurance portfolio, which includes motor, home, travel and van insurance. As part of the transition, Marsh's personal lines insurance customers will become Cornmarket policy holders.
The acquisition increases Cornmarket's workforce to over 500 employees throughout Ireland and the UK.
Ivan Ahern, Managing Director at Cornmarket, said the Marsh Ireland acquisition represents a key milestone in the company's strategy to scale and diversify the business.
"By welcoming Marsh’s personal lines insurance customers into the Cornmarket family, we are not only expanding our reach but also enhancing the depth of service we can offer," he said.
"This deal underlines our commitment to growth through value-driven partnerships and reinforces our commitment to providing trusted, tailored financial solutions to individuals across Ireland," he added.
