The deals just keep on coming for Global Risk Partners (GRP).
On the back of last week’s acquisition of Country and Commercial Insurance Brokers, and following on from deals for The County Group and Anglo-Hibernian, the firm has today announced a move for Bromley-based MGA Camberford Law PLC.
The move, which has already received regulatory approval, will see managing director David Ottewill leave the business with Simon Carter assume his position. Meanwhile director Paul Cooper will remain “for a short period” to assist with the transition while the ongoing management team will have an equity stake in the business.
“Camberford Law is an excellent business, underwriting a portfolio of client-focused specialist and niche products on behalf of its longstanding panel of insurer partners,” said Stephen Ross, chief operating officer of GRP and the CEO of the group’s MGA division.
“With our support, Simon and the team will gain access to our UK regional retail footprint and further develop their own broker relationships. We fully expect to achieve rapid growth in the business.”
The MGA was founded back in 1958 and its business focuses on SMEs and commercial schemes, particularly for security, property, professional services and contractors. The business became an accredited Lloyd’s broker in 2006 and wrote £38 million GWP last year.
“Peter Cullum and the GRP team painted a compelling picture of the opportunity with GRP to accelerate our growth,” commented Carter. “We look forward to working with our fellow businesses within the GRP family and our supporting network of brokers to improve and broaden our product reach throughout the UK.”