UK insurer PIB Group has expanded its footprint in the Irish insurance market with the purchase of John O’Donohue Insurances.
Financial terms of the deal, executed through PIB Group’s Irish division Campion Insurance, remain undisclosed.
This transaction marks PIB Group’s 21st acquisition in Ireland, aligning with its strategy of developing specialist businesses that complement Campion’s presence in the country.
It bolsters Campion’s North Dublin Hub, with the acquired entity relocating from its existing Santry office in Dublin to the Campion office in Swords.
Campion Insurance CEO Jim Campion said: “I am delighted that John O’Donohue Insurances Ltd, led by John O’Donohue and Loraine Quinlan, have agreed to become part of Campion Insurance and PIB Group.
“It highlights the continued opportunities that PIB Group see in Ireland for growth and we look forward to welcoming more Irish insurance brokers to the Group in 2025.”
John O’Donohue Insurances managing director John O’Donohue stated: “I am delighted to now be part of PIB Group, and we look forward to working with Jim and the Campion Insurance Team going forward. The decision to join Campions and the PIB Group is a very positive move for us and our clients alike and sets the stage for continued growth and innovation for us all from now on.”
The latest deal follows the announcement of insurance brokerage Vitorinos Group’s acquisition by PIB Group unit PIB Group Iberia.
This deal, which awaits regulatory approval, is set to mark PIB Group Iberia’s foray into the Portuguese market.
Set up in 2015, PIB Group is a diversified specialist insurance intermediary backed by Apax Funds and the Carlyle Group.
“PIB Group boosts Irish presence with John O’Donohue Insurances ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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