Insurance giant Gallagher doubles Irish presence with acquisition of AssuredPartners 

The acquisition brings a further 300 employees into Gallagher in Ireland, taking the team to nearly 600 risk professionals nationwide

Insurance giant Gallagher will double its presence in Ireland to become one of the largest brokers in the country, with the multinational acquiring competitor AssuredPartners. 

The global transaction, valued at $13.45bn, is the largest insurance broking acquisition ever completed.

The acquisition brings a further 300 employees into Gallagher in Ireland, taking the team 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 significant presence in Ireland through Gallivan Murphy Insurance Brokers (GMIB), O'Callaghan Insurances and CFM Group, which operate a portfolio of well-known 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 in Ireland through the acquisitions of INNOVU, Doyle Mahon Insurances and Keaney Insurance Brokers in recent years, all of which now trade under the Gallagher brand.

“The acquisition of AssuredPartners in Ireland is fantastic news for our team and clients," said Michael Rea, CEO of Gallagher in the UK & Ireland.

"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. We now turn our attention to bringing together our businesses and combining our capabilities for the benefit of all our clients.” 

David Heathfield, CEO of AssuredPartners International, added: “Having built a thriving business over the last fifteen years, we are thrilled to embark on this new chapter with Gallagher."

Founded nearly 100 years ago, Gallagher remains led by the Gallagher family, who originated from Ireland, and now employs 65,000 people worldwide.