GRP Announces Latest Insurance Broker Deal

As technology continues to level the playing field regarding underwriting, claims, legal and even speciality cover on demand, the broker market is becoming more competitive. There are savings to be made by deploying software systems at scale too, which could mean more consolidation across the UK broker space. GRP is still on the acquisition trail and here’s the news on their latest deal;

GRP-owned County Group has continued to set the pace with its acquisition strategy following a deal to buy the business and assets of Taylor Francis Ltd (Taylor Francis).

Taylor Francis is primarily a retail commercial broker with two offices, in Newport South Wales, and Aylesbury in Buckinghamshire. It will continue to trade from its current offices following the deal. Established in 2011 by managing director and owner Tim Taylor, Taylor Francis prides itself on promoting the values and traditions of being a local broker in the community. Mr Taylor said: “County Group will provide our business, our people and our clients with a solid base from which to continue to grow.”

“In our discussions with Alastair Christopherson (CEO of County Group) he stressed that community roots were a prime driver of value for our business. Our local experience and knowledge were an important factor behind County Group’s interest in us and we fully intend to continue to ‘act local’ under new ownership.”

Alastair Christopherson explained that Taylor Francis is the fourth acquisition for the group this year, and the ‘County Group deal pipeline remains extremely strong.’

“A number of vendors have reflected on their position post pandemic and see the advantages in the support and firepower provided by County and GRP.”

“We were really impressed with the entrepreneurial spirit in the Taylor Francis team, and the desire to continue to deepen their community footprint in South Wales and Buckinghamshire. It’s great that they’ve chosen us to be the custodians of their business and their clients for the future and I look forward to supporting them in the next stage of their growth.”

For more information on County Group

About alastair walker 8997 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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