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Chill Insurance, Ireland’s largest insurance broker, has acquired Dublin based Aaran Insurances, with the help of Ulster Bank funding.
Chill which formed in 2013 is the largest privately owned intermediary in Ireland focussing on the personal lines insurance market, and offering insurance for motor, home, van, life, business and travel as well as other financial services. With over 230,000 customers and employing 278 staff Chill has experienced tremendous growth and this new acquisition will further strengthen their market share.
According to Michael McLaughlin, CEO of Chill Insurance:
“We are delighted to announce the addition of Aaran Insurances to the Chill Insurance group. Chill Insurance is committed to making a positive contribution to the insurance industry and developing a business renowned for excellent customer relations. We are here to provide much needed competition in the insurance market and to provide quality and value to Irish consumers.”
Eddie Cullen, Managing Director, Commercial Banking Division, Ulster Bank added:
“Ulster Bank is a strong supporter of Irish business and our sectoral experts worked with Chill Insurance on a financing package to meet their needs. We’re delighted that with our support they’re now taking another important step forward, with the acquisition of Aaran Insurances.”