GRP Acquisition Spree Continues With Two More Broker Buys

Green Insurance Group [Greens], the South East hub business of Global Risk Partners [GRP], has acquired Reid Briggs Insurance Brokers Ltd, based in Eastbourne, and Clifton Morley Associates Ltd, based in Welling, Kent. Both acquisitions have received regulatory approval.

The deals will give Greens a platform to accelerate business growth, according to Green’s CEO Duncan Coleman: “We are delighted to welcome Andrew Briggs, Kevin Barnard and the Reid Briggs team to Greens, and extend the same welcome to Bill Morley and the Clifton Morley team. They are experienced professionals with strong and longstanding relationships in the local business communities they serve.”

He explained that Clifton Morley will immediately move into Green’s Dartford office, while Reid Briggs will remain in its current premises in Eastbourne. “They will enhance our local presence in Kent and Sussex, and we look forward to them playing an active role in extending our reach across the South East.”

“When Greens was acquired by GRP in June 2017, we said we would double the size of the business. Since then we have acquired Collidge and Partners, Insurance Services (West End), Eclipse Insurance Services, and now Reid Briggs and Clifton Morley. These latest two acquisitions add a further £9.2m of Gross Written Premium to the business. We will continue to acquire businesses that help us deliver our ambitious growth plans.”

Reid Briggs has over 50 years’ experience offering personal and commercial insurance solutions in primarily the Eastbourne, East Sussex area.  Clifton Morley is a commercial lines retail broker, and specialises in taxi insurance for individuals and fleets across the UK.

Mike Bruce, GRP’s group managing director said: “These are two top quality local businesses and we are delighted to have them become part of the Greens and GRP families.”

He added: “They underscore the value of our hub and spoke strategy. Duncan Coleman and his team have the knowledge and contacts to discover local opportunities, and then we provide the resources to enable them to build their own portfolios and extend our coverage across the regions.”

About Green Insurance. Greens writes personal and commercial insurance and has particular strengths in property and SME with its own unique wordings for property, commercial combined, shops & offices, motor trade and professional indemnity. The business has seven branches in the South, including the head office in Bexhill.

Global Risk Partners Limited (GRP) is a vehicle aimed at acquiring brokers and managing general agents (MGAs) trading in the UK retail and global, specialty insurance markets.  It was established in 2013 by Peter Cullum – Chairman, David Margrett – Chief Executive, and Stephen Ross – Chief Operating Officer, and is backed by private equity firm Penta Capital LLP.

GRP acquires businesses, teams and portfolios that have niche, non-commoditised, specialty propositions and strong profitability.  GRP is one of the top independent brokers in the UK.

 

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