GRP targets retail broking
Latest acquisition is most recent move as the consolidator seeks to develop its retail broking offering.
Global Risk Partners (GRP) is set to further expand in the retail broking arena according to chief executive David Margrett.
Margrett said of its recent deal to buy Cavendish Munro for an undisclosed sum: "It's good for two main reasons. It broadens our retail offering and they have expertise in the PI and D&O which is important. It also fits in neatly with Lonmar. We think two and two equals five."
He added: "We are building our retail broking division alongside the London market."
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