Keaney specialises in providing comprehensive insurance and risk management solutions to businesses throughout Ireland. Following the acquisition, Terry Keaney, the Managing Director of Keaney Insurance Brokers, and his team will continue their operations from the existing location. The leadership will be overseen by Ronan Foley, who heads Gallagher’s insurance brokerage operations in Ireland.
Gallagher has announced the successful completion of 12 new mergers during the quarter, contributing to an estimated annualised revenue of around $57 million. The company reported total revenues before reimbursements of $2.45 billion for the quarter, a notable increase from $2.01 billion in the corresponding quarter of the previous year.
Within this, the brokerage segment represented $2.12 billion of the total Q3 revenue, compared to $1.74 billion in the previous year. Additionally, the risk management segment contributed $331 million to the total revenue, up from $275.5 million in the same period last year.
Speaking about the acquisition of Keaney Insurance, J. Patrick Gallagher, Jr., Chairman, President and CEO, commented, “Keaney’s strong client service and market expertise are an excellent strategic fit as we continue to expand our capabilities in Ireland. I am very pleased to welcome Terry and his associates to our growing, global team.”
Author: Joanna England
