Gallagher has announced (6 November 2023) it has acquired Ireland-based Keaney Insurance Brokers Ltd (Keaney). Terms of the transaction were not disclosed.
Keaney is a commercial insurance broker based in Dublin supporting businesses across Ireland 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 reporting to Ronan Foley, CEO of Gallagher in Ireland.
Gallagher already has significant operations in Ireland, employing over 275 risk professionals, placing €150m GWP into the market, with offices in Dublin, Limerick, Wexford, Kerry, Kilkenny and Tipperary. 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.
Ronan said: “I’m delighted to welcome Keaney Insurance Brokers to Gallagher. I have known the business for a number of years and have always admired their professionalism, expertise and the way they take time to really understand their clients’ needs and the risks they face. The acquisition will increase our presence in Dublin following our acquisition of First Ireland earlier this year and add to our 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.”
Terry added: “After 30 successful years, we are delighted to become part of Gallagher and we believe we have 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. In addition, our staff will benefit from the increased opportunities of being part of a large, global firm with impressive growth aspirations.”