The Killarney Chamber of Tourism and Commerce has welcomed the sale of Gallivan Murphy Insurance Brokers in the town.
The company has reportedly been taken over in a €100 million deal by US insurance brokerage firm, AssuredPartners.
In a statement, GMIB said the move will result in a three-fold increase on staff numbers to 250 in the next three to five years.
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Conor Hennigan, executive council member of Killarney Chamber of Tourism and Commerce, congratulated the co-owners Denis Murphy and Simon Gallivan.
He said the expansion of the business and the creation of jobs is great news for Killarney.
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