DATE AND TIME OF RELEASE – 3.30pm, 23 July 2021
Hastings Insurance Brokers announces the acquisition of Thompson Insurances
The acquisition of a majority stake of Norman Thompson Insurances Limited and Norman Thompson Life and Pensions Limited (together, Thompson Insurances) represents a hugely significant milestone for the ongoing successful expansion of the Hastings Insurance Brokers group.
Hastings Insurance Brokers (Hastings) is delighted to announce the acquisition of Thompson Insurances, one of the leading corporate insurance brokers in Ireland. The acquisition of Thompson Insurances marks an important strategic expansion for Hastings as it continues its current steady growth trajectory. Thompson Insurances will continue to trade as normal, retaining its Dublin office and all staff will stay with the business. Clients can rest assured they will be dealing with the same personalities providing the same great service.
Paul McDermott,Managing Director of Hastings, commented that: “Thompson Insurances is a fantastic business with a high calibre team of insurance professionals which will enhance our corporate offering as well as extending our national and international reach. Led by Norman Thompson and Shane Hennelly, the Thompson Insurances team has earned a deserved reputation for the strength and depth of their technical insurance expertise combined with their commitment to delivering excellent client service. Given our shared client-orientated approach and company culture, I believe that this is an extremely positive development for the customers and staff of both Hastings and Thompsons.”
Founder of Thompson Insurances, Norman Thompson said: “After 40 years in business, I felt the time had come to hand over the reins to a new management team. I am particularly pleased that continuity will be maintained for both staff and customers with my fellow Director Shane Hennelly increasing his shareholding and assuming the role of Managing Director in the Non-Life business. I continue to work on and will be available to clients as a consultant to the business”
Shane Hennelly, Managing Director, for Thompson Insurances commented: “At Thompson Insurances, we pride ourselves on providing the highest standards of insurance and risk management advice for each and every client and I have no doubt that joining the Hastings group, will ensure that those standards are maintained for the decades to come. In a competitive market that is rapidly consolidating, I am pleased that Thompson Insurances is joining forces with another successful Irish-owned business. I’m hugely grateful for the sustained loyalty and support of our clients, staff and business partners and look forward to continuing to work together, now as part of the larger Hastings group in the times ahead. Though this development very much marks a continuation of business as usual for Thompson Insurances, it undoubtedly presents a very exciting opportunity to support Paul and his superb team at Hastings in their long-term growth ambitions for the Irish market.”
Hastings is a dynamic family-owned insurance broking group providing commercial and personal lines insurance solutions to business and retail customers. Established by David & Mary McDermott in 1980, the Mayo-headquartered business has successfully established itself as one of the largest providers of quality insurance services in Ireland with branches across 7 locations including Castlebar (headquarters), Westport, Claremorris, Ballina, Tuam, Galway city and Sligo. For more information, visit www.hastings.ie.
About Thompson Insurances
Founded by Norman Thompson, Thompson Insurances is one of the leading independent corporate insurance brokers in Ireland with over 40 years of successful trading. Thompson Insurances advises a diverse range of general and life clients including blue-chip international companies, subsidiaries of foreign multi-national companies, local commercial businesses, trade and representative bodies, partnerships and high-net worth private individuals. Thompson Insurances specialises in Construction and Infrastructure Projects, Renewable Energy, Professional Services, Manufacturing, Leisure & Hospitality, Technology, Communications & Media, and Aircraft Leasing. Owing to a highly experienced and technically strong team of insurance practitioners, Thompson Insurances merits its reputation as one of Ireland’s most reputable independent corporate brokers. For more information visit www.nti.ie.