MEADOWS, Ill., June 24,
2022 /PRNewswire/ -- Arthur J. Gallagher &
Co. today announced the acquisition of Wexford, Ireland-based INNOVU Group Holding Company
Limited ("INNOVU Insurance"). Terms of the transaction were not
Founded by Ronan Foley in 2018,
INNOVU Insurance is a retail insurance broker offering a broad
variety of commercial and personal insurance products and services,
as well as financial services, to clients across a diverse range of
industry sectors from seven offices throughout Ireland. Ronan
Foley and his associates will continue to operate from their
current locations, reporting to Michael
Rea, who runs Gallagher's retail property/casualty brokerage
operations in the UK and Ireland.
"INNOVU gives us our first on-the-ground presence in
Ireland and a fantastic
opportunity to expand in this growing economic region," said J.
Patrick Gallagher, Jr., Chairman,
President and CEO. "We are delighted to welcome Ronan and his
colleagues, and look forward to working with them to further expand
their client base and service offerings."
Arthur J. Gallagher & Co.
(NYSE: AJG), a global insurance brokerage, risk management and
consulting services firm, is headquartered in Rolling Meadows,
Illinois. Gallagher provides these services in 130 countries
around the world through its owned operations and a network of
correspondent brokers and consultants.
Media: Linda J.
VP - Investor
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