Ripe inks deal to buy marine specialist GJW Direct from Munich Re Specialty
Ripe has signed up to buy non-commercial marine insurance specialist GJW Direct from Munich Re Specialty, in a deal expected to close in the first half of next year.
The purchase of GJW Direct, founded in 1826 with an offering that now spans yacht, motor boat, narrowboat, jet ski and dinghy insurance, follows on from Ripe snapping up specialist boat insurance provider Craftinsure in September 2023 in its first ever acquisition.
Munich RE Specialty has owned GJW Direct for over 20 years.
According to the current owner the decision to sell was “driven by a thorough reflection on its specialty strategy for 2025 and beyond”.
ExpertiseDanielle Champion, managing
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Kingfisher creates new motorsports arm following broker buy
Kingfisher Insurance Services has acquired MIS Motorsport’s commercial business in the UK and Ireland.
RSA launches mid-market D&O product
RSA Insurance has launched Directors’ and Officers’ Protection, aimed at UK domiciled or headquartered companies, large domestic and multinational businesses, private firms with a turnover of over £250m and publicly traded entities.
Ageas adds to distribution team with double senior hire
Ageas UK has strengthened its broker and partner distribution team with a double appointment.
Q&A: Aviva’s Jason Storah
One year into the role, Jason Storah, UK and Ireland general insurance CEO at Aviva, tells Insurance Age about the goals he is happy to be challenged on in another 12 months’ time, what the Probitas deal means for regional brokers and reflects on recent personnel shifts.
Prosura strikes second deal in Yorkshire, adding Donald Schofield
Prosura has bought commercial broker Donald Schofield, based in Pontefract – its second purchase since starting to trade at the start of 2023.
Elizabeth Passey appointed FSCS chair
Elizabeth Passey has been appointed chair of the Financial Services Compensation Scheme, taking up the role today succeeding Marshall Bailey.
Aviva opening ‘at least one’ office location before next Biba conference
After opening two offices earlier this year, Aviva’s David Martin has told Insurance Age that at least one more location will be open before the British Insurance Brokers’ Association conference next year.
PIB returns to buying with RS Insurance Brokers
Consolidator PIB has bought Nottingham-based RS Insurance Brokers, adding expertise in fleet and professional indemnity to its portfolio of specialisms.