PERSONAL, BUSINESS AND FARM INSURANCE
AssuredPartners UK Acquires O’Callaghan
AssuredPartners UK Continues Its Irish Expansion With the Acquisition of Dundalk-based O’Callaghan Insurances
AssuredPartners, one of the largest independently owned insurance brokers in the world, has announced that it has agreed to acquire the business of the Dundalk-based O’Callaghan Insurances (“OCI”). The transaction is expected to be completed on 1 December 2022.
David Heathfield, CEO AssuredPartners UK & Ireland, said:
“We are delighted to be able to expand our presence in Ireland so soon after acquiring GMIB earlier in the year. With its sector expertise on the retail side and its wholesale capabilities, OCI provides us with another powerful tool in helping us to become a major player in the Irish marketplace.
Caeva and the O’Callaghan family have built an incredibly successful business over the years, and we feel privileged to be able to partner with them going forward. It’s an exciting time to be part of our expansion in Ireland and we expect to be announcing further deals in the near future.”
O’Callaghan Insurances (OCI) is one of the largest insurance brokers in the north-east of the country, with headquarters in Dundalk and offices in Monaghan and Navan. The company’s online presence www.QuoteMe.ie has established itself as a leading online destination for personal customers seeking a range of insurance solutions.
Founded in 1949, OCI has specialist sector expertise across a variety of business lines in the commercial sector and has had considerable success in growing a strong personal lines business supported by QuoteMe.ie.
With gross written premium (GWP) of around €20m a year and servicing over 20,000 clients nationally, OCI’s team of 44 employees will remain in place under the leadership of Managing Director Caeva O’Callaghan.
Caeva O’Callaghan, Managing Director commented:
“I’m incredibly proud of the part that OCI has played in the lives of our clients over the last 70 years. We have a great team of people and there is so much more that we want to achieve. The prospect of being able to do that working alongside my new colleagues in Ireland and internationally, without having to sell the soul of the company, means so much to me and is really the perfect outcome.”
About AssuredPartners
AssuredPartners is one of the fastest-growing, independent insurance agencies in the United States, UK, Ireland and Belgium. This latest addition to the group follows closely behind UK acquisitions in Birmingham, Chester, Scotland and its recent expansion into Ireland with the acquisition of GMIB in Killarney. Founded in 2011, AssuredPartners has acquired in excess of 400 agencies, with offices in four countries and 36 states across the US. Within excess of 9,000 employees, it is one of the largest independently owned brokers in the world.
About OCI
OCI began trading in 1952 and has developed sector expertise in four key areas. Its Personal Insurance business covers motor, home and van insurance. Its Commercial Business offers a wide range of products primarily in the agriculture, pharmacy and trade sectors. Meanwhile its Wholesale Division provides a range of property solutions while its Farm division offers specialist products for beef, dairy, tillage, sheep and agri contractors.
For further information contact Caeva O’Callaghan on caeva@oci.ie or David Heathfield at david.heathfield@apldn.com
For more information about the services provided by AssuredPartners UK and Ireland, please visit https://www.assuredpartners.co.uk/ or https://www.oci.ie/
Connect:
David Heathfield | Chief Executive Officer
E: david.heathfield@apldn.com | T: +44 (0)20 7337 6800
Stuart Quilter | Chief Financial Officer
E:stuart.quilter@apldn.com | T:+44 (0) 20 3675 0062
Paul Casey | Acquisitions & Integration Manager
E: paul.casey@apldn.com | T: +44 (0)20 7337 6800
