GRP acquires majority stake in Country & Commercial Insurance Brokers
Global Risk Partners Group (GRP) has acquired a majority interest in Country & Commercial Insurance Brokers Ltd (CCIB), a specialist agricultural brokerage based in Lancashire. The acquisition has been approved by the FCA and the consideration is undisclosed.
As part of the deal, GRP will also acquire CCIB’s oversight of the Federation of Agricultural Brokers (FAB), a UK-wide network of agricultural brokers.
CCIB was founded by Debbie Airey and Anne Pickover in 2007, and provides commercial and personal lines insurance, specialising in farm, farm fleet, haulage, D&O and environmental liability.
Debbie and Anne founded FAB in 2014 after they identified an opportunity for independent agricultural insurance brokers to join together to improve their trading terms with large insurance companies. Since then the group has grown to 31 members.
Mike Bruce, GRP’s CEO Broking, said: “Debbie and Anne have built an excellent business in CCIB, and we look forward to assisting them as they embark on the next stage of the journey. They are a dynamic team and we are delighted that they are joining GRP, where we have high expectations of growth for both CCIB and the FAB network.”
“Debbie and Anne are just the sort of entrepreneurs GRP admires, and we are confident that, under their leadership, CCIB and FAB will continue to thrive and prosper in the agri-insurance sector post Brexit.”
Debbie Airey, managing director of CCIB, said: “Brexit will bring about huge changes in the farming sector, not least because of the potential reforms to the farm payments system, which require farmers to supplement their income by generating revenue from means other than traditional farming, for example leisure, specialist food production and other rural business activities.”
“It will be vital that they get advice from specialist brokers such as CCIB who understand their needs,” she added. “As part of the GRP Group, CCIB will be able to extend the help and support we give our customers, so that they make the most of the new opportunities provided by change in the rural landscape.”