Reinsurance News
Global Risk Partners
GRP acquires Nucleus Underwriting
12th January 2023
Global Risk Partners (GRP) has acquired Nucleus Underwriting, its first managing general agent (MGA) acquisition since being taken over by Brown & Brown last year. In March 2022, the US broker firm Brown & Brown agreed to buy the insurance operations of GRP from PE firm Searchlight, the deal was ... Read the full article
Brown & Brown completes Global Risk Partners acquisition
7th July 2022
US broker firm Brown & Brown has completed the acquisition of Global Risk Partners Limited (GRP). In March 2022, the firm agreed to buy the insurance operations of GRP for an undisclosed amount in a deal expected to close in Q3. According to the announcement, GRP will operate within the Brown & ... Read the full article
Brown & Brown to acquire Global Risk Partners
8th March 2022
Brown & Brown has agreed to buy the insurance operations of Global Risk Partners (GRP) for an undisclosed amount in a deal expected to close in Q3. GRP will operate within the Brown & Brown Retail segment and will continue to be led by Mike Bruce, global chief executive officer of ... Read the full article
Global Risk Partners to acquire Marsh’s UK Networks operation
18th February 2021
Lloyd’s of London broker Global Risk Partners (GRP) has reached an agreement to acquire Marsh's UK Networks business, which consists of Marsh ProBroker, Bluefin Network and Purple Partnership. The agreement, which remains subject to regulatory approval, is expected to close by the second-quarter of 2021 and also includes the acquisition of ... Read the full article
Searchlight Capital Partners completes Global Risk Partners acquisition
12th June 2020
Private equity and opportunity investor Searchlight Capital Partners has completed its acquisition of a majority stake in independent insurance intermediary Global Risk Partners (GRP). First announced in February 2020, the deal will see Mike Bruce take the role of Group Chief Executive at GRP and Andy Homer appointed as Non-Executive ... Read the full article
Global Risk Partners gets majority investment from Searchlight Capital Partners
3rd February 2020
Private equity and opportunity investor Searchlight Capital Partners has taken a majority stake in independent insurance intermediary Global Risk Partners. The founding partners of Global Risk Partners (GRP), Peter Cullum CBE and David Margrett, as well as founding investor Penta Capital are set to retain minority stakes in the firm. Ares Management ... Read the full article
Global Risk Partners reportedly up for sale
13th January 2020
Lloyd’s of London broker Global Risk Partners is reportedly up for sale, with a potential deal likely to value the firm at between £700 million and £800 million, according to reports from This is Money. Sources have said that a number of US companies are in talks regarding an acquisition. At this ... Read the full article
Global Risk Partners completes 18 acquisitions in 2019
2nd January 2020
Global Risk Partners (GRP), a vehicle designed to acquire brokers and MGAs trading in the UK retail and global, specialty insurance markets, completed 18 acquisitions in 2019 while its run rate GWP neared £800 million. At the same time, the firm has reported that run rate income increased by 25% to ... Read the full article
Global Risk Partners acquires London broker Gauntlet
19th November 2019
Global Risk Partners (GRP), an investment vehicle aimed at insurance brokers and managing general agents, has acquired Gauntlet Insurance Services, a private client broker that specialises in high value assets. Based in London, Gauntlet is responsible for covering assets valued at more than £8 billion, such as historic, fine town and ... Read the full article
Global Risk Partners appoints Mike Bruce as Group Managing Director
17th December 2018
Global Risk Partners, an investment vehicle aimed at insurance brokers and managing general agents, has appointed Mike Bruce to the newly-created role of Group Managing Director. Bruce was appointed Chief Executive Officer, Broking in 2015 and has since overseen a a rapid and accelerating growth curve, with the Broking Division completing ... Read the full article
Global Risk Partners acquires brokerage Thomas Sagar Insurances
13th April 2018
Global Risk Partners Ltd has announced the acquisition of Thomas Sagar Insurances Ltd (Sagar) for an undisclosed fee, after receiving necessary regulatory approval. Founded 60 years ago, Saga is a Burnley-based chartered insurance broker and the acquisition expands Global Risk Partners northern footprint for retail broking. Mike Bruce, Global Risk Partners Chief Executive Officer (CEO), ... Read the full article
Global Risk Partners appoints Clive Nathan to CEO of MGA division
8th March 2018
Global Risk Partners (GRP) has appointed Clive Nathan as the new Chief Executive Officer (CEO) of the Group’s MGA division. He will join the business in April, 2018. Nathan will succeed Stephen Ross, Chief Operating Officer (COO) who will concentrate on the Group’s M&A activity as GRP expands its UK footprint ... Read the full article
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