Martin Mohan: he has been with Bank of Ireland for close to eight years, most recently serving as director of group strategy and development
Mr Mohan had been with Bank of Ireland for close to eight years, most recently serving as director of group strategy and development. He also previously worked in AIB’s corporate finance unit. “As we look to the next phase of growth we will utilise Martin’s experience to target the broader corporate insurance market whilst consolidating the traditional SME and consumer sectors and growing our employment figures that have risen from 250 to 700 over the last five years,” said Conor Brennan, chief executive of Arachas and Ardonagh’s Europe unit.
The wider Irish market has seen a flurry of broker deals in the past six years as it followed waves of consolidation in the UK and North America. The ultimate backers of most of the purchasing vehicles are private equity firms, attracted to a sector that is fee-based and delivers steady revenues through the economic cycle. This allows buyers to service the debt needed to finance further deals.