Gallagher buys Innovu as “launch-pad” into Ireland
Gallagher has expanded into Ireland buying Innovu Insurance for an undisclosed amount.
Innovu offers a range of commercial and personal insurance products, plus financial services.
The Wexford-headquartered firm has a customer base of 45,000 across Ireland with further offices in Dublin, Kilkenny, Limerick, Tipperary and Kerry.
The business places around $65m (£52.8m) gross written premium and has a headcount of 135 people, Gallagher detailed.
It was previously owned by a number of private shareholders and private equity investment firm, MML Growth Capital Partners Ireland.
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