News

Acquiring the general insurance portfolio of Woodward Markwell marks 100th acquisition since GRP founded in 2013.

Commenting on a century of deals, Mike Bruce, GRP CEO, said: “Through a combination of single-minded determination, client focus and astute deal-making we have generated powerful momentum and excellent results.”

GRP-owned Newstead Insurance, which is headquartered in Birmingham, has acquired Crendon Insurance Brokers Ltd (Crendon), a commercial brokerage that is based locally.

GRP has completed its first acquisition since becoming part of Brown & Brown, following a deal to buy the share capital of First Insurance Solutions Ltd.

Maidstone-based First Insurance is an insurance broker which provides bespoke insurance solutions in the contracting sectors such as drainage, cleaning, electrical, air-conditioning and security. 

Hot on the heels of the deal completion, Brown & Brown's investment in GRP has won the Insurance Post "Industry Impact Award".

GRP has acquired Prescott Jones Ltd. Prescott Jones was founded in Swansea in 1991 and has grown to become one of the largest independent brokers in Wales and the West, with offices in Swansea, Bristol and Cardiff.

Taylor Francis is primarily a retail commercial broker with two offices, in Newport South Wales, and Aylesbury in Buckinghamshire. Mr Taylor said: “County Group will provide our business, our people and our clients with a solid base from which to continue to grow.”

GRP-owned Marshall Wooldridge has acquired Insurefirst Limited, trading as Bush & Associates (Bush). Geoff Kirk, MD of Marshall Wooldridge, said: “Wayne and his team run a high-class regional brokerage and I’m really pleased they’ve chosen to join us for the next stage of their development.

DCJ Group has acquired SM Commercial Insurance Brokers Ltd (SM Commercial). Chris Breeze, chief executive of DCJ said: “SM Commercial is a highly respected community broker with a reputation for high quality client servicing. I’m looking forward to working alongside Steve and his team to help them take the business to the next stage of its development.”

GRP Retail Division recently completed its third annual customer satisfaction survey, emailing over 80,000 commercial broking customers. The survey response at over 8% showed a good level of customer engagement, and the “Net Promoter Score” (NPS) was an "excellent" 64.9 - a 7.4% improvement on GRPs last annual NPS survey result