Coverys European Holdings (CEH) has acquired a 51% stake in Brady Insurance, an Ireland-based insurance underwriting agency, broker and Lloyd’s coverholder. Brady Insurance, which offers various business and personal lines products, has held Lloyd’s coverholder status since 2013 through its wholesale brand, Brady Underwriting. It is headquartered in Carrick-on-Shannon and has an office in Dublin. The acquisition of Brady Insurance is the fourth since the CEH network was formed in January 2020, following previous acquisitions of the AEC Wholesale Group, Bridge Insurance Brokers, and Gava Underwriting. CEH is an agency platform and network that invests in MGAs across continental Europe and the UK.
Coverys European Holdings Limited (CEH) invests in specialty managing general agencies (MGAs) across continental Europe and the United Kingdom. Our team provides growth expertise and support for MGAs in a competitive, ever-changing marketplace. Coverys began its international expansion in 2017 by forming Coverys Syndicate 1975 and Coverys Managing Agency to serve the Lloyd’s of London market. CEH continues this strategy and drives the company’s international expansion in specialty insurance. Our portfolio is distributed across geographies and business lines and is comprised of firms which are separate legal entities.