AssuredPartners’ Owned GMIB Acquires Killaloe-Based O’Donovan Insurances
22/03/2023 Written by: AP Communications
Acquisitions and strong organic growth take annual gross written premiums at AssuredPartners Ireland to over €100 Million.
AssuredPartners, one of the largest independently owned insurance brokers in the world, has announced that it has agreed to acquire Killaloe-based O’Donovan Insurances (“ODI”) via its Irish platform Gallivan Murphy Insurance Brokers Ltd (GMIB.ie). The transaction is expected to be completed on 1 May 2023.
Founded in 1981, ODI is a family-run insurance broker comprising over 4,000 clients with specialist expertise across various lines of personal and commercial insurance. The entire team will remain in place at the existing office location under the leadership of Sheamus O’Donovan, Managing Partner.
David Heathfield, CEO AssuredPartners International, said: “Partnering with ODI is another important milestone in our growth strategy for Ireland. Sheamus and his team run a great business and Assured Partners / GMIB.ie are excited to combine our collective expertise to help us provide an unrivalled level of service to clients across the region.”
Sheamus O’Donovan, Managing Partner commented: “ODI has a rich history and I’m incredibly proud of the business we have built over the last 42 years. Our partnership with GMIB.ie and AssuredPartners will ensure that we are well-positioned to continue providing great insurance solutions for our clients in an insurance market that has gone through significant change over the last several years. Our clients are at the heart of everything we do and that will continue to be the case in the future.”
Following strong organic growth at GMIB of almost 30% since its acquisition by AssuredPartners in June 2022, the subsequent acquisition in December 2022 of Dundalk based O’Callaghan Insurance Brokers, and the upcoming acquisition of ODI, total annual Gross Written Premium at AssuredPartners Ireland will exceed €100 million, making it a key player in the Irish market.
ODI began trading on the 1st of October 1981 and has developed sector expertise in the personal lines and commercial space providing a variety of cost effective solutions for its clients.
About AssuredPartners
AssuredPartners is one of the fastest-growing, independent insurance agencies in the United States, UK and Ireland. This latest addition to the group follows closely behind acquisitions in the South West, Kent, Leeds and across Ireland. Founded in 2011, AssuredPartners has acquired in excess of 450 agencies, with offices in four countries and 36 states across the US. With in excess of 9,00 employees, it is one of the largest independently owned brokers in the world.
For more information about the services provided by AssuredPartners International, please visit https://www.assuredpartners.co.uk/
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