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.