Specialist boutique broker McGill and Partners has announced that just months after it opened in October 2021, its new office in Ireland has already grown.
The Dublin office, led by CEO Stephen Cross and COO Kate Browne, has hired 14 employees. McGill and Partners also said in a company statement that it has plans to expand the office to 50 colleagues by 2025.
McGill and Partners’ Dublin office officially opened in October 2021, and received approval from the Central Bank of Ireland in December 2021. The broker will offer European clients access to global insurance markets and industry experts, with the aim of handling $1 billion (€820 million) of premiums through the Dublin office over the next five years.
“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,” said Ireland Minister for Finance Paschal Donohoe.
Donohoe additionally commented that Ireland “consistently ranks as one of the best countries in the world for doing business,” and that the government is committed to helping and development of the international financial sector through its “Ireland for Finance” five-year strategy.
“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,” said McGill and Partners Ireland CEO Stephen Cross. “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.”
Read more: McGill and Partners expands reach to Bermuda
Also last year, McGill and Partners expanded to Bermuda after it received regulatory approval for the business. The new office is led by Kate Vacher, who serves as CEO of the Bermuda operation.
