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INSURANCE Blue agrees €10m deal

ONLINE insurance broker Blue Insurances Ltd has announced the buyout of one of its founding directors, and shareholder, Rowan Devereux for just under €10m.

The company has grown each year, over the past 10 years, with turnover rising from €3m in year one to over €20m in 2013. Staff numbers have also increased year on year, growing to over 32 staff in 2013.

Specialising in travel insurance, Blue Insurances has won awards each year from the travel industry in Ireland and Northern Ireland and also from the Irish media. Over the years it has moved into other areas including pet insurance, gadget insurance, car hire excess, wedding insurance and motor breakdown.