4 May 2021Insurance

Global Risk Partners completes acquisition of Marsh’s UK networks business

Global Risk Partners (GRP) has completed its acquisition of Marsh’s UK networks business.

David Hopwood, head of the UK networks business, joins the GRP executive and continues to head up the networks business under new ownership. He retains overall responsibility for
building further growth and success for the network’s 256 members and around 400 trading partners.

The networks business is made up of Marsh ProBroker, Bluefin Network and Purple Partnership. The acquisition also includes Marsh Connections, Marsh Labyrinth and Broker2Broker (B2B).

Since the deal was first announced in February the networks business has launched a new Hedron Network brand, which Hopwood described as “a powerful image to represent our network’s mutually supportive community of brokers, insurers, and the many product and service facets of our proposition.”

The completion means that GRP controls or influences approximately £1.6 billion of gross written premiums, annually.

Mike Bruce, GRP’s group chief executive officer, said: “The launch of the new brand will trigger our ambitious strategy for the business, which include plans to bring new members on board, provide new products and services for our members, and increase penetration of the network panel.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
15 July 2021   The deal will significantly increase GRP's footprint across the East Midlands.
Insurance
8 June 2021   Crotty was acquired by Global Risk Partners (GRP) in September 2020.
Insurance
3 March 2021   GRP expects a busy year for deals amid increasing regulatory complexity and potential changes to tax regime.