Asinta’s employee benefits consulting Partner in Ireland, Glennon Insurances, entered an agreement to be acquired by Arachas Corporate Brokers Limited, a subsidiary of The Ardonagh Group in the UK. The acquisition is subject to regulatory approval by the Central Bank of Ireland and the Competition Authority.
“Glennon has been working with international broker partners for over 30 years, and this has been a hugely significant contributor to the growth of Glennon,” says Davin Spollen, Head of Life & Pensions for Glennon. “We look forward to further expanding our services and relationships with our Asinta Partners and believe this acquisition provides the greater scale needed to strengthen the network’s capabilities in Ireland for the benefit of all.”
The acquisition will likely be complete in Q4 2022. Glennon’s existing team will continue to provide client service post-acquisition.