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Specialist Broker officially opened its Dublin office in October 2021 since transactions began back in January 2021
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Number of colleagues in Dublin growing at 14 since opening, with strong growth plans
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Broker’s move into Ireland supported by IDA Ireland
1st February, 2022 - McGill and Partners, the specialist boutique broker, officially opened its Dublin office in October 2021, having received approval from the Central Bank of Ireland in December 2020. The firm began trading in Ireland in January 2021, working through the pandemic to set up a physical office; fulfilling their intention to broaden their European reach and further their global expansions.
The specialist broker’s Ireland office, led by Stephen Cross, CEO - Ireland and Kate Browne, COO - Ireland has already hired 14, with plans to expand to 50 colleagues by 2025.
McGill and Partners is supported by the Irish Government through IDA Ireland.
McGill and Partners’ Dublin office will offer its European clients access to global insurance markets and industry experts who have the knowledge and expertise to help place larger clients and those with complex and/or challenging needs. The broker expects to handle $1 billion (€820 million) of premiums through the Dublin office over the next five years.
McGill and Partners hopes that its office in Dublin will help to encourage and develop local talent, while also attracting those working globally to return home to Ireland.
Since its inception in May 2019, McGill and Partners has undergone significant growth and now has offices in London, Bermuda, New York and Miami in addition to the new Dublin office. McGill and Partners’ talent acquisition strategy, unique working methods and cloud-based infrastructure has enabled the firm to continue to expand globally, despite the pandemic.
Welcoming the announcement Minister for Finance Paschal Donohoe said “I welcome McGill and Partners decision to choose Ireland as their European base and I am encouraged by their expansion plans. Ireland is committed to growing the international financial services sector through the Ireland for Finance strategy to create the operating environment to attract and retain firms like McGill and Partners.
Ireland consistently ranks as one of the best countries in the world for doing business, and the Irish Government is committed to supporting the development of the international financial services sector through our five-year strategy, Ireland for Finance.”
Stephen Cross, CEO - Ireland at McGill and Partners comments: “After announcing our intention to expand to Ireland in 2020, it’s gratifying to see everyone’s hard work come to fruition with our fantastic new office – amidst the pressures on the pandemic.
Ireland’s access to the European markets, business infrastructure and the support from regulators and IDA Ireland made Dublin an obvious choice to handle our European business. IDA Ireland has been extremely supportive on this journey and has ensured an extremely smooth process. We’re thrilled to grow the business in Ireland and are looking forward to seeing what the next few years bring.”
Kate Browne, COO - Ireland at McGill and Partners comments: “It’s an exciting moment for us to see our new office open, and to have a space to meet our new colleagues in person. We’ve already been growing the team substantially, and this will continue as we look to attract both local talent and those currently living globally to work in Ireland on complex insurance placements for clients.
McGill and Partners already has a strong track record in attracting world-class talent into the firm, and it is the expertise and knowledge within the business which has already won the business an impressive roster of clients.”
Kieran Donoghue, Global Head of International Financial Services, Strategy and Public Policy at IDA Ireland said: “McGill & Partners are one of the most progressive and innovative (re)insurance brokers in the world and we are very pleased at their decision to establish their principal EU office in Dublin. This will place Ireland at the centre of an industry that specialises in providing (re)insurance cover for particularly challenging and complex risks. These include renewables, power and energy, aerospace, marine and cargo, financial lines and cyber. I wish the company continued success as it develops its Irish operation.”
Notes to editors:
About McGill and Partners
McGill and Partners is a boutique specialist (re)insurance broker focused on larger clients and those with complex and/or challenging needs. Launched in 2019, the firm has significant backing from funds affiliated with Warburg Pincus, a leading global private equity firm. McGill and Partners is a rapidly growing British based firm, headquartered in London with offices in Bermuda, the US and Ireland.
For more information please contact:
Eleanor Ross/ Christy Bucklow/ Rupert Bhatia
Teamspirit
Mcgill@teamspirit.uk.com
