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Industry consolidator Arachas has bought BJP Insurance Brokers, the leading provider of cover for the taxi industry.BJP is Arachas’s seventh acquisition since 2017, confirming its position as Ireland’s largest independent insurance broker with more than 300 staff and €350 million a year in gross written premiums.Arachas chief executive Conor Brennan described BJP as “part of our strategic vision to expand our business and become leading players in our field”. He declined to reveal the price paid for BJP but confirmed that all of its employees would transfer to Arachas.The deal, the second by Arachas so far this year, follows its acquisition last September of broker O’Driscoll.O’Neil, a specialist in insurance cover for sports, events and education. Arachas also bought Murray & Spelman, a large regional broker based in Galway, in 2019.Founded in 1979 by Brian Pierce and his wife, Gabrielle, BJP is the largest provider of insurance to the taxi trade in a scheme underwritten by Axa for the past 20 years. Pierce plans to reitre, handing over the transfer of BJP to his son, Terry Pierce, who takers on a senior position in Arachas.<snip>
Arachas hails broker to confirm its rank (Sunday Times, Paywalled)QuoteIndustry consolidator Arachas has bought BJP Insurance Brokers, the leading provider of cover for the taxi industry.BJP is Arachas’s seventh acquisition since 2017, confirming its position as Ireland’s largest independent insurance broker with more than 300 staff and €350 million a year in gross written premiums.Arachas chief executive Conor Brennan described BJP as “part of our strategic vision to expand our business and become leading players in our field”. He declined to reveal the price paid for BJP but confirmed that all of its employees would transfer to Arachas.The deal, the second by Arachas so far this year, follows its acquisition last September of broker O’Driscoll.O’Neil, a specialist in insurance cover for sports, events and education. Arachas also bought Murray & Spelman, a large regional broker based in Galway, in 2019.Founded in 1979 by Brian Pierce and his wife, Gabrielle, BJP is the largest provider of insurance to the taxi trade in a scheme underwritten by Axa for the past 20 years. Pierce plans to reitre, handing over the transfer of BJP to his son, Terry Pierce, who takers on a senior position in Arachas.<snip>I wonder if Brian Pierce knows something we don't or has he just decided to take up golf? I wonder if our premia will go up now that Arachas will need to cover the purchase price of BJP?
Dosent matter a fuck they are only Brokers .Unless this new crowd have a few billion to become under writers .
Phoned them up 3 years ago looking for a quote. They said they would phone me back. I’m still waiting on their call.
member a few years ago when there was suspicion of collusion between all the insurance companies to blow their quotes up together and a few of them were allegedly raided and had their computer gear taken to see what the crack was. what a loada old cobblers.
