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.