GRP reports 22% EBITDA growth in 2020
- Run rate EBITDA of operating entities £61m, 22% up on previous year
- Run rate income grows by 17% to £163m
- Run rate GWP approaching £900m
- 18 acquisitions in 2020
GRP has underlined its commitment to omni-channel broking after acquiring a majority stake in Insync Insurance solutions Ltd, an online commercial insurance broker.
Financial services data and analytics business leader Mark Hepsworth has been appointed to the board of GRP as a Non-Executive Director, effective from the beginning of December.
This new role will build on GRP’s data strategy, leading the development of the Group’s data infrastructure, and using data analytics to deliver business insight which in turn drives value for clients and insurer partners.
Mike Bruce recently spoke to Insurance Post Magazine about mergers and acquisitions in the broking sector, identifying some key drivers for GRPs continuing momentum.
Marshall Wooldridge, the Yorkshire hub business for Global Risk Partners, has acquired Rotherham-based RIB Group, one of South Yorkshire’s leading independent brokers.
Marshall Wooldridge, part of Global Risk Partners (GRP), has completed the acquisition of Messrs R F Broadley, a long-established Yorkshire-based commercial broker specialising in farm insurance.
Birrell Group, which trades as Kingsway Insurance Services [Kingsway], the Midlands hub business of Global Risk Partners, has announced its second acquisition this month, following a deal to buy 100% of Home Counties Insurance Services Ltd [HCIS].
Birrell Group, which trades as Kingsway Insurance Services, GRP's Midlands hub which joined the Group in January 2020, has completed the acquisition of Managed Risk Solutions Ltd [MRSL].
The deal - GRP’s first in the Republic of Ireland - will see Crotty’s Dublin offices becoming GRP’s ROI hub and signals its intention to seek further acquisitions in the country.