There are two types of insurance brokers in Ireland at present: those looking to consolidate the industry and those that are being consolidated. Primarily backed by a wall of international private equity, a small number of large brokers are currently on a land grab in Ireland, all seeking to gain a foothold in a potentially lucrative market. It has prompted a wave of dealmaking, with close to 30 transactions closing in the last two years. There are in the region of 125 locally owned brokers around the country with a turnover exceeding €500,000. The expectation is that, within five years,…

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