Kerry insurance broker second to be acquired by US-multinational

The acquisition marks the company's fourth deal in under a year, having first entered the Irish market in June 2022

Pursuing a strategy of acquisition-based growth across the Irish market, Assured Partners says its total annual gross written premiums now exceed €120m nationwide, with plans to double this to more than €200m over the next calendar year.

A Kerry insurance firm is the latest indigenous broker to be acquired by a large multinational having been purchased by US-headquartered, Assured Partners for an undisclosed amount.

Expected to be completed in August 2023, the acquisition of Castlemaine-based Sayers Insurances marks the company's fourth deal since entering the market last year, with the transaction being completed via Assured Partners' Irish platform, Gallivan Murphy Insurance, which it acquired in June 2022.