Get the latest developments from GRP and the businesses in our group
DCJ Insurance Group (DCJ) of Chesterfield, part of Global Risk Partners, has acquired 100% of the share capital of Real Insurance Group Limited (Real Insurance). Stephen Ross, head of M&A for GRP, said: “Offering brokerages an option to create value from their work via a sale was part of the rationale behind our deal to buy Hedron Network, so I’m especially pleased that we have brought Real Insurance across the line so quickly to be part of DCJ.”
In this in-depth feature , David focuses in on GRP’s acquisition of the Marsh Networks business, and the opportunities ahead for Hedron Network and member brokers
Crotty Insurance, the Dublin-based commercial broker that was acquired by Global Risk Partners in September 2020, has made its first acquisition under GRP ownership with the purchase of Martin Insurance. Eoin Greene, Crotty CEO, hailed the acquisition as “a big step forward for Crotty. We have made no secret of our desire to grow inorganically when the right opportunity arises.”
Global Risk Partners (GRP) today confirmed that it has completed its acquisition of Marsh’s UK Networks business, following regulatory approval. Mike Bruce, GRP’s Group CEO, said: “This is another important milestone for GRP and I look forward to supporting David and his team in their drive to achieve exceptional growth and success for Hedron under our ownership.”
GRP has hired Steve Anson from Ardonagh as Chief Operating Officer (COO). Mike Bruce said “Steve is a marquee signing for GRP and underlines the critical importance we attach to successfully delivering our transformation programme".
The Leeds-based broker will join GRP’s Yorkshire hub Marshall Wooldridge and is the fourth brokerage to become part of Marshall Wooldridge since GRP invested in the business in 2016. Geoff Kirk, managing director of Marshall Wooldridge, said “This is a great deal for all parties and I’m especially pleased to welcome Paul and his team at Lawrence Fraser to Marshall Wooldridge and the wider GRP Group.”
Mike Bruce has been interviewed by Insurance Times regarding GRP’s plans for 2021 "GRP to Supercharge Growth of Marsh UK Networks Amid Acquisition Spree". The interview covers a spectrum of exciting opportunities for GRP over the coming year.
Global Risk Partners’ (GRP) Chesterfield brokerage, DCJ Group Insurance & Risk Management Limited (DCJ), has acquired Lincoln based commercial insurance broker J E Sills & Sons Limited (Sills). DCJ founder David Jones said: “It’s great that such a well-established name in the East Midlands is going to be part of DCJ."
GRP’s Birmingham brokerage, Newstead Insurance Brokers has announced its first acquisition, making good on its promise to accelerate inorganic growth, after becoming part of GRP in November 2020. Newstead director Paul O’Donnell said: “Alford Burton is a high-quality local insurance broker who will add considerable scale to our operation and help us to rapidly build out our presence in Birmingham and the West Midlands.”
