O’Leary Insurance slips into red as wage bill spikes after €100m sale of firm to US broker | Business Post

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The country’s largest independent brokerage group, bought by Brown & Brown in 2020, grew its turnover last year but fell into the red as wages increased to €10.7m from €7.8m. donalmacnamee97 reports.

Losses at O’Leary Insurances increased in 2021 even as the firm’s turnover rose by nearly 8 per cent. Picture: Getty

Losses nearly tripled last year at O’Leary Insurances, the main subsidiary of Ireland’s largest independent brokerage group, as the company increased its wage bill by more than 37 per cent after being acquired by a New York-listed broker.Accounts...

 

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