Latest news with #TheArdonaghGroup
Business Post
2 days ago
- Business
- Business Post
Experts you can trust ensure peace of mind
Securing cost-effective insurance has been challenging for community, voluntary and charitable organisations over the past number of years – yet it's vital to ensure that organisations can continue their important work even when losses arise. Part of The Ardonagh Group, one of the world's largest brokers, Arachas is Ireland's largest nationwide insurance broker with over 700 people based across 14 offices throughout the country. This positions the company well to insure the people of Ireland, their businesses and the community, voluntary and charitable organisations that they are involved in. 'The theme of the Wheel Summit 2025, sponsored by Arachas, was Thriving through Change; and in uncertain times, working with insurance experts you can trust, comes to the fore,' said Celine Greene, chief trading officer at Arachas Specialty. 'At Arachas, our focus is to provide you with the right insurance protection so that in the event of a loss, you can continue to provide your valuable services, allowing you to direct your energies on your cause with security and peace of mind.' As the world gets more complex, insurance needs get more complicated. 'With uncertainty in areas such as tariffs, and geopolitical instability to list a couple,' said Greene, 'you need to focus on planning for the future and get help from insurance experts, allowing you to plan for the unexpected. 'Our Affinity Schemes team at Arachas Specialty work hand in hand with customers to understand the challenges our customers face and advise them around how they can get the best cover. A tailored approach is often required working with our customers in pinch-point sectors (areas which due to their nature are challenging to insure) in the Irish insurance market, such as groups operating in the childcare sector, the Irish Association for Adventure Tourism and the Irish Inflatable Hirers Federation, resolving real needs for customers that otherwise weren't able to access insurance products.' Arachas boasts high-quality in-house expertise as well as a significant number of existing not-for-profit customers. 'To support the sector, we have brought together a division of professionals focused on catering for the risk and insurance needs of not-for-profit organisations,' said Greene. 'This division is underpinned by our new insurance scheme, developed in partnership with Ecclesiastical Insurance Office Plc. bringing cost-effective, enhanced insurance cover to the non-profit sector, providing greater protection, thus reducing uncertainty and risk.' Emma Murtagh is the director of development and member services at The Wheel, and welcomes the initiative. 'With the introduction of their new insurance scheme, tailored to community, voluntary and not-for-profit sector, in conjunction with Ecclesiastical Insurance Office Plc., Arachas are coming with something that the industry has been asking for, for quite some time. This is music to our ears, as it means that our members have more insurance options open to them, which can help them focus on their core mission to help others, in the knowledge that their risks are catered for.' Greene added:'We were delighted to support The Wheel Summit 2025 event where the Arachas Specialty team got to meet and understand more about the requirements that you have as Not-For-Profit, community, voluntary and charitable organisations. The type and level of cover may vary greatly depending on how your organisation operates, how you are funded and how you generate income. The Arachas Specialty team, led by Schemes Development Director Amanda Harton, would be happy to speak to you about how the package we've developed with Ecclesiastical can cater to all of the risks that you might be facing, including your assets, liability exposures, trustees and management and professional indemnity.' On a more personal level, Arachas believes that giving back through community involvement and charitable giving are important aspects to their human approach to insurance. 'Just two weeks ago, we took part in the LauraLynn 24-hour treadmill challenge,' said Greene. 'And, over the past few years, another organisation we have supported is Cancer Fund for Children where, in conjunction with our parent company Ardonagh, we raised €2 million to support vital resources for families and children battling cancer. 'We have now launched our biggest companywide fundraiser this year as proud sponsor of the 26 Mountains 2 Mayo Challenge, where we will scale the highest peak in every county across Ireland, in aid of Cancer Fund for Children, supporting families and children, who are impacted by cancer. 'So, please keep an eye out for us, we will be coming to a mountain near you!'
Business Post
16-05-2025
- Business
- Business Post
Managing risk in an uncertain world
These are uncertain times for business, amid global political and economic volatility, so finding partners that are reliable and that can take away some of that uncertainty is vital. These partners must be innovative, flexible, agile and passionate about finding the right solution for their clients. 'The world is getting increasingly complex, and our clients' needs are getting more complicated,' said Jonathan Brown, Chief Commercial Officer at Arachas Corporate Brokers. 'We're dealing with uncertainty in areas such as tariffs, and geopolitical instability to list a couple. These issues affect every part of business, for example, global supply chains, whereby the cost of rebuilding structures or repairing a motor vehicle could very well increase on the back of tariffs.' Arachas is Ireland's largest nationwide insurance broker and part of The Ardonagh Group, one of the world's largest brokers with $18 billion premium under management and more than 12,000 people, spanning 250+ locations in more than 30 different territories. This puts Arachas into the best place to provide insurance and risk services to Irish companies and people across a broad range of sectors. 'Our growth was driven by M&A activity in recent years, underpinned by the purchase of Arachas by The Ardonagh Group,' said Brown. 'We have the strength of our global parent, bringing countless advantages to our customers, while being close to where our customers are transacting business, allowing us to understand their needs. 'At Arachas we provide top quality insurance and risk transfer advice to our large corporate clients but throughout our business, we maintain our original ethos of knowing our customers deeply and providing personalised service. We currently are a €600 million premium business, with over 700 staff across 14 different locations in Ireland.' With such global expertise and a commitment to customer-centric service, Arachas is uniquely positioned to deal with complex insurance customers and their needs through a well-established corporate practice. 'In our corporate practice, we would be particularly well known for our expertise in the construction space,' said Brown. 'We have also a significant presence in several other sectors such as real estate, manufacturing, leisure and hospitality, professional services and food and beverage. 'A corporate buyer's needs are going to be substantially more complex. With our sectoral expertise, our job is to understand the challenges our clients face and being able to advise them around effective transfer of risk. We currently are a €600 million premium business, with over 700 staff across 14 different locations in Ireland These clients, says Brown, need a tailored approach designed around innovative thought.'Can we do something for them? Can we create a scheme? Can we solve the problem on their behalf? Some of our work that I'd be most proud of would be the schemes that we've created for pinch-point sectors (areas that, due to their nature, are challenging to insure) in the Irish insurance market over the last number of years, for groups such as the Irish Association for Adventure Tourism and the Irish Inflatable Hirers Federation, resolving real needs for customers that otherwise weren't able to access insurance products. 'Because Arachas is a broker, we can work with groups of companies and other bodies on initiatives, as we have the capacity to find and put together a solution no matter how complex the need is.' Arachas has grown its employee base exponentially over the past few years across its 14 locations, continually acting on feedback from our staff, to make Arachas a great place to work. 'We have invested in learning and development programmes to ensure our people can continually grow and upskill, allowing us to stay innovative which is a vital part of Arachas' approach. This keeps us knowledgeable, relevant and positions us to provide added value and benefits to our clients. 'An example that comes to mind is around ever more common cyber-attacks. Our cyber experts work with our customers continuously to advise what product is best suited to address their needs; this requires expertise that we have in-house and that we are proud of.' Arachas believes that giving back through community involvement and charitable giving are also important aspects to their human approach to corporate insurance. 'We support charities which are close to the hearts of our employees and clients, including Laura Lynn, Down Syndrome Ireland and Cancer Fund for Children. Over the past few years, Arachas has supported Cancer Fund for Children, in conjunction with Ardonagh, raising €2 million to support vital resources for families and children battling cancer. From June 7-15, Arachas is proud to sponsor the 26 Mountains 2 Mayo Challenge, where 20 business leaders with an Arachas relay team will scale the highest peak in every county across Ireland, for this worthy cause.
