About Us

Gallivan Kennedy Insurance Group

Gallivan Kennedy Insurance Group has been established since 1983.

Noel Gallivan and Colm Kennedy long established in the insurance industry, in the Munster region, have been in business for 35 years and have built a very successful Insurance Brokerage. Their vision has led to Gallivan Kennedy Insurance Group becoming one of the most respected and long-established insurance providers in the region. Our experienced team includes:

Noel Gallivan QFA

Noel Gallivan is a Qualified Financial Adviser (QFA), a member of the Life Insurance Association (LIA). Having gained valuable experience in the Life and Pension industry with over 40 years' experience. His overall financial knowledge gives Gallivan Kennedy a great advantage giving Clients a very professional service. Noels main's focus is to provide 'best advice' to our customers at all times.
E: noel.gallivan@gki.ie
M: 087 2549445

Colm Kennedy APA

Colm has more than 40 years' experience in the financial services industry. Prior to setting up Gallivan Kennedy with Noel, Colm worked in General Accident and National Mutual this brings a huge wealth of experience to Gallivan Kennedy.
E: ckennedy@gki.ie
M: 087 2549446

Niall MacMahon QFA RPA

Niall joined the Gallivan Kennedy in 2014 and has a wealth of experience in the financial sector. With responsibility for Protection and Risk Management solutions at Gallivan Kennedy.
E: niall.macmahon@gki.ie
M: 087 2912833

Margaret O' Connor APA

Margaret has been part of the Gallivan Kennedy Insurance Group for over 20 years and looks after the day to day running of the office. She has a strong background in business administration and specialises in the administration surrounding pensions business for the office
E: moconnor@gki.ie 
T: 061 448420

Elaine Murphy APA

Elaine has been part of the Gallivan Kennedy Insurance Group for over 20 years. She has a strong background in business administration and specialises in the management and quality control of the life business for the office.
E: Elaine.murphy@gki.ie 
T: 061 448420

Commissions and Fees

We, Gallivan Kennedy Insurances Ltd - GK Wealth Manage act as intermediary between you, the consumer, and the product provider with whom we place your business.

The background

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.

What is commission?

For the purpose of this document, remuneration is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of remuneration is generally directly related to the value of the products sold. There are different types of remuneration/commission models:

Single commission model: where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed.

Trail/Renewal commission model: Further payments at intervals are paid throughout the life span of the product.

Indemnity commission

Indemnity commission is the term used to describe a commission payment made before the commission is deemed to be 'earned'. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned.

Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.

General insurance products

General insurance products, such as motor, home, travel, health, retail or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.

Profit Share arrangements

In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission. Any business arranged with these product providers on a client's behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client's requirements, taking all the client's relevant information, demands and needs into account.

Life Assurance/Investments/Pension products

For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail (relating to accumulated fund).

Trail commission, bullet commission, fund based, flat commission or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the 1 annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.

Life Assurance products fall into either individual or group protection policies and Investment/Pension products would be either single or regular contribution policies. Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.


Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.

Credit Products/Mortgages

Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).


Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be 'earned' until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.


The firm may also be remunerated by fee by the product producer such as policy fee, admin fee, or in the case of investment firms, advisory fees.

Preferred Provider Rate

Other Fees, Administrative Costs/ Non-Monetary Benefits

The firm may also be in receipt of other fees, administrative costs, or non-monetary benefits such as:

-Attendance at product provider educational seminars

-Assistance with Advertising/Branding