Global insurance broker Gallagher has announced a deal to buy Dublin-based Keaney Insurance Brokers for an disclosed sum.
Keaney is a commercial insurance broker based in Dublin and which supports businesses across the country with insurance and risk management solutions.
It was founded in 1993 by Terry Keaney who will continue, together with the management team, to oversee the business. He will report to Ronan Foley, CEO of Gallagher in Ireland.
With offices in Dublin, Limerick, Wexford, Kerry, Kilkenny and Tipperary, Gallagher already employs over 275 risk professionals here.
It said the addition of Keaney adds further quality and scale and confirms Gallagher's position as one of the largest commercial and personal lines insurance brokers in the country.
Terry Keaney said that after 30 successful years, the company was delighted to become part of Gallagher, adding that it has found the ideal partner to take the business forward.
"This is an excellent opportunity for our clients to partner with one the leading insurance brokerages in the world - they will benefit from Gallagher's scale, expertise and purchasing power, which will be of enormous value," he said.
"In addition, our staff will benefit from the increased opportunities of being part of a large, global firm with impressive growth aspirations," he added.
Ronan Foley, CEO of Gallagher in Ireland, said today's deal will increase Gallagher's presence in Dublin after its purchase of First Ireland earlier this year and will add to its expertise nationally.
"As the insurance market continues to consolidate, our ability to help smaller brokers grow and expand demonstrates why Gallagher is the partner of choice for brokers in Ireland. We remain on the lookout for further acquisitions, which match Gallagher’s culture, whilst continuing to grow our business organically," he added.
