"Bold move" for GRP as it buys Marsh's UK Networks business
The takeover, which includes Marsh ProBroker, Bluefin Network and Purple Partnership, will see David Hopwood continue to lead the combined networks business as part of the GRP executive team, as group CEO Mike Bruce promises there will be no redundancies.
Global Risk Partners (GRP) has agreed to buy Marsh’s UK Networks business, including Marsh ProBroker, Bluefin Network and Purple Partnership.
Terms of the transaction, which is subject to regulatory approval, were not disclosed but completion is expected by the second quarter of 2021.
Mike Bruce, GRP’s Group CEO, hailed the transaction as “a great leap forward for GRP”, highlighting that the group now places or influences over £1.6bn of gross written premium.
GRP detailed that the acquisition
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