The Engage Tracker – Insurance – 27/01/2022

Welcome to The Engage Tracker!

We hope you enjoy our weekly digest of what has caught our eye this week!

Colossal Catch

AA Ireland’s 2020 Takeover Price Revealed to be €256.6m.

The deal, which was carried out at the level of a holding company above AA Ireland, called Erbium, included €136.1 million of goodwill, reflecting the expected profitability.

Salient Snippets

PIB Buys Dublin-based Broker.

PIB Group has bought insurance broking and financial planning firm Alan Tierney & Partners. The move is PIB’s fifth deal in Ireland and follows its purchases of brokers Campion, Creane & Creane and Oliver Murphy last year.

Irelands Insurance, Miscellaneous Provisions, Bill 2021 Update.

The bill will address several insurance-related issues highlighted in the Action Plan for Insurance Reform.

Please email [email protected] or call on 016994530 to continue the conversation on any of the above points.