Friday, January 13, 2023
HomeInsurance LawWorld Danger Companions buys retail insurance coverage dealer BPW

World Danger Companions buys retail insurance coverage dealer BPW

Unbiased insurance coverage middleman World Danger Companions (GRP) has acquired retail insurance coverage dealer BPW Insurance coverage Providers for an undisclosed sum.

Based in 1983, the acquired agency is predicated in Newport, South Wales and specialises in providing business and property insurance coverage.

Below the phrases of the settlement, BPW managing director Paul Wiggins will proceed to supervise operations alongside along with his different administrators, Jason Evans, Ian O’Brien, Alison Phillips, and Alisha Edwards.

GRP can even retain 23 workers members of BPW.

GRP head of M&A Stephen Ross stated: “It’s a extremely profitable native enterprise, and Paul is a widely known insurance coverage chief in South Wales. He’s targeted on constructing out BPW’s market presence, and we’re eager to help his plans.”

“The enterprise has deep roots in its neighborhood and has a superb fame with its shoppers. Paul and his staff are progressive, dynamic and entrepreneurial, and I’m actually happy they’ve chosen GRP to be the custodians for his or her enterprise.”

This deal has secured approval from the UK’s Monetary Conduct Authority.

Wiggins stated: “The worth of being a part of an even bigger group isn’t just the higher entry to insurer companions and resultant enhanced product choices to our shoppers, but in addition the chance to utilise GRP’s central sources to assist us to concentrate on our shoppers and develop our enterprise.

“We’re all very excited concerning the prospect of being a part of the GRP/Brown & Brown staff, and 2023 guarantees to be an thrilling 12 months for us.”

Earlier this week, GRP purchased Nucleus Underwriting, a specialist managing basic agent (MGA) that caters to the life sciences, R&D and specialist manufacturing segments.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments