GRP set to swoop for One Commercial from Primary Group - report
Lorica CEO Matt Bray says the broker is not in talks with GRP.
Primary Group, the investment vehicle behind UK General is in talks with Peter Cullum-backed consolidator Global Risk Partners (GRP) about selling MGA One Commercial, sister title Post has reported.
UK General was split into three divisions - One Commercial, Rural and personal lines - in September last year by former CEO Peter Hubbard.
According to the article Primary, which recruited former Towergate Underwriting chief Clive Nathan this February to lead its UK and Europe specialty portfolios
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