AssuredPartners, one of the largest independently owned insurance brokers in the world, is pleased to announce that it has agreed to acquire Kanturk-based Fitzgerald Insurances – via its pre-existing Irish platform Gallivan Murphy Insurance Brokers Ltd (GMIB.ie). The transaction completed in September 2023.
Located in Kanturk, Co Cork, Fitzgerald Insurances Ltd. provides general insurance broking services in respect over 7,000 commercial and personal policies across the Munster region. Established by Don Fitzgerald in 1968 the family run insurance broker is owned by siblings Kieran and Marion Fitzgerald, who will remain with the business.
Since acquiring GMIB in June 2022, AssuredPartners has also acquired O’Callaghan Insurances in the North-East, O’Donovan Insurances in the Mid-West and most recently, Sayers Insurances in Co Kerry. Post this acquisition, total annual Gross Written Premium [GWP] at AssuredPartners Ireland will exceed €125 million. AssuredPartners expects to add a further €75 million in GWP over the next full calendar year through a combination of organic and acquisition-led growth, making it one of the largest players in the broker space in Ireland, with close to 4% market share.