New Acquisition FromAssuredPartners’ GMIB.ie 

The acquisition marks 4th deal since entering the Irish market in June 2022 and further acquisitions planned to double gross written premiums to €200m

AssuredPartners, one of the largest independently owned insurance brokers in the world, has announced that it has agreed to acquire Castlemaine-based Sayers Insurances Ltd – via its pre-existing Irish platform Gallivan Murphy Insurance Brokers Ltd (GMIB.ie). The transaction is expected to complete in August 2023.

Founded in 1987, by Garry Sayers, the family-run brokerage serves over 2,000 policyholders across mid/west Kerry from its Castlemaine office. Sayers Insurance marks AssuredPartners’ fourth acquisition and its second Kerry-based brokerage, since acquiring Killarney-based GMIB.ie in June 2022, affording opportunities to provide a wider range of services and deeper support to Sayers’ clients. The Sayers family will continue to be actively involved in the growing brokerage.

Since acquiring GMIB in June 2022, AssuredPartners has already acquired O’Callaghan Insurances in the North East and O’Donovan Insurances in the mid-West. Following a combination of strong organic and acquisition-led growth since then, the total annual Gross Written Premium at AssuredPartners Ireland now exceed €120 million and it plans to double this to over €200 million over the next full calendar year.

David Heathfield, CEO of AssuredPartners UK and Ireland, said:

“We have enormous respect for family brokerages like Sayers in Castlemaine and for the depth and quality of their relationships, services and local knowledge. Alongside GMIB.ie in Killarney, we look forward to further enhancing our service range and product choice to our growing customer base in Ireland. This is both in person and via our online platform GMIB.ie. Given the benefits of scale we can add for locally based brokerages and their clients we remain an active buyer of quality brokerages and would expect to increase our GWP to over €200 million over the next full calendar year through a combination of continued organic growth and acquisitions.”

Commenting, Gary Sayers, Founder and Managing Director, Sayers Insurances said: “We are delighted to join the team at GMIB.ie. The combination of our local knowledge and understanding of client needs, alongside the scale, service and product range available from AssuredPartners, makes this a natural fit for Sayers and our clients.”

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. Founded in 2011, AssuredPartners has acquired in excess of 450 agencies, with offices in 4 countries and 36 states across the US. With more than 10,000 employees, it is one of the largest independently owned brokers in the world. For more information about the services provided by AssuredPartners UK and Ireland, please visit https://www.assuredpartners.co.uk/