Blue Insurance is to create 100 jobs over the next 18 - 24 months as part of the company's expansion into the personal lines and international insurance market.
The company will be employing staff across the areas of customer services, IT development, junior management and administration in their Dublin office, increasing staff numbers from 45 to 145.
"These new jobs will help our existing business, our new unique personal lines products and will drive further International expansion in the UK, Australian, UAE and US Markets," Blue Insurance managing director Ciaran Mulligan said.
Tánaiste Joan Burton said Blue Insurance is an indigenous company that is competing and winning in the most competitive and sophisticated online insurance market globally, the UK.
“It is a young company that rewards its employees for imaginative thinking. It has shown its ability to be innovative, and to respond rapidly to changing market needs,” she said.
Founded in 2003, Blue Insurance has 160,000 Irish customers and more than 200,000 UK customers across its 14 brands including Multitrip.com, gadgetinsurance.com, carhireexcess.com and petinsurance.ie. The company specialises in niche insurance products such as travel, gadget, pet, wedding and bicycle insurance.
It was named one of Ireland’s “best managed companies” by Deloitte for the past three years running.
Meanwhile, US financial software firm ProSeeder Technologies yesterday announced the establishment of its first European subsidiary office in Dublin.
The company will create 15 jobs over three years, in the areas of software development, sales and business development at its Dublin technology centre.
Proseeder Technologies chief executive Ken Gatz said the company has become a global bridge between the US and EU seed and venture investment communities.
“Our Dublin office will bring further collaboration between investment organisations and growing companies,” he said.
He said Ireland’s availability of talent and the ease of access to the EU were key factors in the company’s decision to locate its European operation in Dublin.