Brady Insurance acquires County Roscommon company
Denise and Jim Mannion , founders of Mannion Insurance with Jane Brady, founder and MD of Brady Insurance. Pic: Trish O'Hagan
The Carrick-on-Shannon based company Brady Insurance has acquired Mannion Insurance, a long-established brokerage based in Strokestown.
Both Brady and Mannion Insurance are family-owned, Irish-run businesses with deep ties to their communities and a focus on customer care.
The acquisition follows Brady Insurance’s buy-back of a 51pc stake from Coverys European Holdings (CEH) last December, a Boston-based mutual insurance company. This returned it to full Irish ownership, allowing it to chart its own course.
“We believe in the strength and future of independent brokers in Ireland - and in putting customer relationships ahead of aggressive scaling targets,” said Jane Brady, Managing Director.
“The addition of Mannion Insurance, a business that shares our values and client-first ethos, is a perfect fit for our vision. The acquisition shows how ambitious Irish-owned firms can work together to create value, innovate, and support local employment.
“Over four decades Mannion Insurance has earned a reputation for personal service and trust - we aim to build on that legacy by bringing additional resources and digital capabilities to further enhance the customer experience.”
Headquartered in Carrick-on-Shannon and with an office in Dublin, Brady Insurance employs 40 staff and generated €21 million in gross written premiums last year, providing personal and commercial insurance as well as specialist underwriting services.
Founded in 1985 by Jim and Denise Mannion, Mannion Insurance has served both personal and commercial clients. The office in Strokestown will continue to operate with the existing team of eight in place, ensuring continuity for customers.
“After 40 years serving the people and businesses of Roscommon and beyond, I’m proud to see our company continue under the stewardship of another family-run Irish brokerage,” said Jim Mannion, founder of Mannion Insurance.
“We selected Brady Insurances because they share our commitment to personal service, community values, professional excellence and long-standing client relationships. This is a positive step for our staff, our clients, and for the future of independent insurance in Ireland.”
Commenting on predictions that Ireland’s 125 locally owned brokers may shrink to just ten dominant players over the next five years Jane Brady said: “There’s a place for the big players, but also for firms like ours that are rooted in local knowledge and relationships.” “We’re big enough to deal with large cases, but small enough to know our customers’ names.”
Operating from Carrick-on-Shannon, Brady’s leadership has grown the firm into a diversified insurance provider. Its specialist unit, Brady Underwriting, has created proprietary systems such as EventInsure.ie, offering scalable cover for community events, large public gatherings, and the creative industries.
The company also continues to explore new schemes and technologies to serve evolving customer needs.
