Cullum-backed Global Risk Partners expects another deal "very shortly"
New London Market consolidator reveals it has a "very strong acquisition pipeline".
Global Risk Partners (GRP) expects the acquisition of a second specialist MGA to be completed "very shortly".
It came after the London Market consolidator, which is aimed at broker and MGAs trading in the global, speciality insurance and non-treaty reinsurance markets, confirmed it had bought Towergate Underwriting's commercial property division for £9.25m.
This will now trade under the name of European Property Underwriting (EPU). GRP said EPU controls "significant premium" and manages the
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