Global insurance broker group Gallagher expects to double its presence in Ireland after completing its $13.45bn acquisition of AssuredPartners, the owner of insuremyvan.ie and coverinaclick.ie among other online brokerage brands.
The worldwide transaction is the largest insurance broking acquisition ever completed and will see Gallagher absorb 300 staff in Ireland, bringing the size of its workforce here to nearly 600.
Gallagher will also add locations in Cork, Clare, Louth, Monaghan, Meath and Cavan to its existing offices in Dublin, Wexford, Kerry, Kilkenny and Limerick.
AssuredPartners has a strong presence in Ireland through through Gallivan Murphy Insurance Brokers (GMIB), O'Callaghan Insurances and CFM Group, which operate 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.
“Having built a thriving business over the last fifteen years, we are 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," said David Heathfield, chief executive of AssuredPartners International.
Gallagher already owns First Ireland, a leading provider of personal lines products, and has expanded in Ireland through the acquisitions of INNOVU, Doyle Mahon Insurances and Keaney Insurance Brokers in recent years. Those firms now trade under the Gallagher brand.
“The acquisition of AssuredPartners in Ireland is fantastic news for our team and clients. We have built significant scale and expertise since our launch just three years ago and I am delighted to welcome the AssuredPartners team to our thriving business," said Michael Rea, chief executive of Gallagher in the UK and Ireland.
"Culturally we are a great fit and 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.”
(Pic: Facebook/Gallagher)
