Zurich announces acquisition of RedClick from Italian insurance firm Generali 

Following completion of the acquisition the RedClick team and customers will transfer and become part of Zurich’s non-life insurance business in Ireland. File picture

The Irish branch of financial services firm Zurich has announced plans to acquire Generali’s non-life general insurance business in Ireland, which is branded as RedClick, for €337m.

Zurich said the acquisition is fully in line with Zurich’s retail strategy for Europe and “will transform its market position and place it among the top three life and non-life insurance providers in Ireland”.

Chief executive of Zurich Ireland Anthony Brennan said, following completion of the acquisition the RedClick team and customers will transfer and become part of Zurich’s non-life insurance business here in Ireland.

“We look forward to welcoming our new RedClick colleagues and bringing together the strengths of Zurich and RedClick to enhance our ability to serve customers, brokers, and partners across Ireland,” he said.

“This investment strengthens our business for future growth and supports our strategy to deliver market-leading customer experience, product capability and innovation.” 

The acquisition is subject to regulatory approval with the company expecting to get approval and close the transaction by the end of this year or early 2027.

Generali

RedClick was formed in 2024 after Italian insurance company Generali acquired the Irish operations of Liberty Insurance.

Generali’s acquisition of Liberty was announced in June 2023 as part of a reported €2.3bn deal with US-based Liberty Mutual Insurance, which also included operations in Spain and Portugal. The company was rebranded as RedClick in August 2024.

Liberty Insurance, a Boston-based company, initially entered the Irish market in 2011 after it took over the failing Quinn Insurance.

The company’s acquisition of Liberty Insurance has already made it one of the biggest players in the property and casualty insurance market in the country.