Killarney

By Sean Moriarty
<h3>A Killarney insurance company recently bought out for €100m, plans to expand its workforce from 85 to 250 following the sale.</h3>
Gallivan Murphy Insurance Brokers Limited (GMIB) has been acquired by a US headquartered underwriting firm – for a reported €100 million – will continue to trade from its Rock Road premises.
Founded in 1989, GMIB operates nationally, under the leadership of joint Managing Directors, Simon Gallivan and Denis Murphy.
Both Gallivan and Murphy and Director Tadgh Gallivan will continue in the business.
AssuredPartners, founded in 2011, has acquired in excess of 400 agencies, and has offices in five countries, 35 States in the US and has circa 8,500 employees making it one of the largest independently owned brokers in the world.
“We are truly proud and excited to be teaming up with a Global Insurance Broker with over 8,500 employees, AssuredPartners. This is a watershed moment in the insurance industry in Ireland as a global insurance giant like AssuredPartners has chosen Killarney as their location to enter the Irish insurance market and be a hub for future growth in Ireland,” Denis Murphy, Joint Managing Director, said.
“It is testament and a reflection of our tremendous talented team and an exciting time for the continued growth in staff numbers from 85 to in excess of 250 in the next three to five years. This is a very positive development, with the scale of AssuredPartners, for all our existing and new clients of GMIB who will continue to receive excellent customer service and competitive insurance premiums.&#8221;

Insurance firm to expand workforce after €100m sale

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