Global insurance broker Gallagher Gallagher has completed a deal to buy AssuredPartners, a move that doubles its presence in Ireland and makes it one of the country’s biggest insurance brokers.
The deal acquisition adds another 300 workers into Gallagher in Ireland, taking its workforce to nearly 600 risk professionals nationwide.
Gallagher’s existing offices in Dublin, Wexford, Kerry, Kilkenny and Limerick will now be joined by new regional offices in Cork, Clare, Louth, Monaghan, Meath and Cavan.
AssuredPartners has a strong presence in Ireland through Gallivan Murphy Insurance Brokers (GMIB), O’Callaghan Insurances and CFM Group.
Their portfolio of brands including Cosmetic Insure, Quoteee.ie, Insuremyvan.ie, Insuremyhouse.ie, Coverinaclick.ie, Insuremycars.ie, Missquote.ie, Insuremyshop.ie, Insuremytaxi.ie, Insuremyholiday.ie and Lifebroker.ie.
Gallagher already owns First Ireland, a provider of personal lines products, and has expanded here through the acquisitions of INNOVU, Doyle Mahon Insurances and Keaney Insurance Brokers in recent years.
Those firms now trade under the Gallagher brand, which was founded nearly 100 years ago.
Gallagher remains led by the Gallagher family, who originated from Ireland, and now employs 65,000 people worldwide.
Since entering the Irish market in 2022 with the acquisition of INNOVU, Gallagher has expanded through M&A and organic growth, offering a full suite of personal and commercial insurance products across the country.
Michael Rea, CEO of Gallagher in the UK & Ireland, said that AssuredPartners and Gallagher are culturally a great fit.
“This agreement provides us with a fantastic opportunity to add further expertise and talent to our business in Ireland. We now turn our attention to bringing together our businesses and combining our capabilities for the benefit of all our clients,” he added.
David Heathfield, CEO of AssuredPartners International, said that having built a thriving business over the last 15 years, the company was thrilled to embark on this new chapter with Gallagher.
“We are bringing together two talented teams of incredibly clever people and our emphasis will be on continuing to provide clients with high quality service and risk management expertise,” he added.
