Statutory pre-tax loss of £20m for GRP
However Mike Bruce points to 4% organic growth and suggests the business is on track to buy “double digit” businesses, including MGAs, in 2019.
Global Risk Partners (GRP) achieved organic growth of 4% for the year ending March 2018.
This is according to a statement posted by GRP ahead of its results being published on Companies House.
Mike Bruce, CEO broking, spoke to Insurance Age about the statement and noted that GWP went up 27% to £700m. The business also completed 12 acquisitions in the year.
“A big chunk is through acquisitions and organic growth was 4% which we are pleased with but not complacent about.”
He added: “We look to
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