Matheson is delighted to have advised Pen Underwriting – the specialist underwriting subsidiary of global insurance brokerage, risk management and consulting services firm Gallagher – on its acquisition of Republic of Ireland-based Wrightway Underwriting Limited.
Wrightway is a managing general agent providing motor and liability coverages for the haulage and fleet sector across Ireland through its independent broker clients, as well as other commercial and personal insurance products. This strategically important transaction, which completed on 4 June 2024, enhances the specialist capabilities and product range of Pen Underwriting, creating further growth opportunities, and establishes its first on-the-ground presence in Ireland. It is the Gallagher group’s sixth acquisition in the Irish market in the last two years.
With a wealth of combined experience, this cross departmental Matheson team was led by Caroline Kearns, corporate partner in Matheson's Financial Institutions Group, senior associate Dónal Feehan and associate Laura Hughes, together with a large team of lawyers from across the firm including Catherine MacFarlane (Senior Associate) and James Grogan (Associate) advising on Regulatory Insurance matters, Karen Shiel (Partner), Eilís Scanlon (Senior Associate) and Kelly McGann (Associate) on Real Estate, Michelle Daly (Partner), Matthew Broadstock (Partner) and Jen Preston (Senior Associate) on Tax, Russell Rochford (Partner) and Tarisai Chidawanyika (Senior Associate) on Employment, Lorcan Keenan (Partner) and Sonya Dixon (Barrister) on Pensions, and Anne-Marie Bohan (Partner), Ciara Doris (Associate) and Sarah McCarthy (Solicitor) on IT and data privacy issues.
Matheson's Financial Institutions Group has unrivalled experience in advising financial services clients operating in an increasingly complex regulated global environment. The Group (comprising a mix of transactional and regulatory focused lawyers) is exclusively dedicated to serving the needs of our financial services clients and our specialist experience delivering for these clients, makes us uniquely positioned to successfully deliver these types of transactions. This is why Matheson is repeatedly chosen to advise on significant transactions involving Irish and international financial institutions.
