Category Archives: GRP – News

Latest news from the Global Risk Partners family of businesses

The County Group acquires Douglas Insurance

 

  • Third acquisition this year for the GRP-owned broker
  • Strong acquisition pipeline in place
  • Transaction another step towards doubling the size of County in the next five years.

The County Group Ltd (County) has acquired Douglas Insurance Brokers Ltd (Douglas Insurance). The deal, which has received regulatory approval, is the third by County this year and comes hot on the heels of Guardian (Wigan) in July and Rahon (Derby) in October.

Dave Clapp, founder and CEO of County said: “I am delighted that yet another fantastic business has chosen to join our family. Thanks to the backing and support of GRP, we have a winning formula for vendors and long may it continue.”

Douglas Insurance specialises in commercial risks and is a family-owned business based in Swansea.

Ian Douglas, Managing Director, said: “After starting discussions with Dave earlier in the year and visiting the County HQ in Crewe, I was convinced they are the right fit for our business. I now look forward to working with the whole team over the coming years to build out our presence in Wales.”

Mike Bruce, GRP’s CEO Broking, said: “We knew that County had a strong pipeline when we invested at the beginning of this year, and that investment is paying off with a surge in top and bottom line growth.”

He added: “This latest move takes them another step toward their aim of doubling in size within five years. I warmly welcome Ian and his team to GRP and look forward to a fruitful and successful future with them.”

Dave Clapp explained that County had previously completed three very successful acquisitions in North Wales and, three years ago, opened an office in Cardiff.

He said: “Cardiff has done phenomenally well and we see this venture into Swansea as a natural extension of our current footprint, bringing the capability to service even more customers across Wales.”

The County Group was founded in 2003 by CEO Dave Clapp. County has since grown both organically and through acquisitions, thanks to the Group’s focus on high quality people delivering a great service to its customers. County employs nearly 300 people and won Insurance Broker of the Year at the 2017 BIA Awards. County’s strategy is to continue the development of its branch network by acquiring commercial and community brokers across its region.

Global Risk Partners Limited (GRP) acquires brokers, managing general agents (MGAs) and teams trading in the UK retail and global, specialty, insurance markets. IGRP was established in 2013 by Peter Cullum, chairman and David Margrett, chief executive.

The company has acquired 36 businesses to date and handles in excess of £700m GWP.

For more information on GRP please contact:

Ben Welsh, Certus CC Ltd: 07568 382040

GRP News Archive

16-8-2018

GRP hub Abbey Bond Lovis acquires Digney Grant to boost Northern Ireland footprint

Abbey Bond Lovis (ABL), GRP’s retail broking hub in Northern Ireland, has acquired a majority share in Digney Grant Ltd for an undisclosed fee. The deal has received regulatory approval.

This is the second transaction that ABL has completed as it accelerates its ambitious growth plans in Northern Ireland.  Digney Grant, which has offices in Newry and Banbridge, transacts commercial and personal lines business. The deal is the third transaction for GRP in the last month, bringing the total number of acquisitions to 33, and Gross Written Premium to in excess of £700m.

Maurice Boyd, MD of ABL, said: “We are delighted with this deal and look forward to welcoming Digney Grant’s three directors, Anthony Boden, Sean Grant and Paul Grant and their 21 strong team to the group.   We are looking forward to working in partnership with them and helping Digney Grant’s significant growth plans.”

“Digney Grant is a high quality business with a strong reputation for excellent client service built up over 40 years of trading in its local marketplace.  I am confident their clients will see further benefits from new products and services from ABL/GRP and our relationships with our blue chip insurer partners.”

Paul Grant, Director in Digney Grant, said all three directors and the staff would be staying with the business. “We are all truly excited by the opportunity to grow Digney Grant in partnership with ABL.  The added firepower supplied by the group will enable us to accelerate our development plans in Northern Ireland.”

Mike Bruce, CEO Broking for GRP, welcomed the deal and said the acquisition “once again illustrated the effectiveness of GRP’s hub strategy in encouraging ABL to pursue acquisitions in its local markets where it has a wealth of experience and connectivity.”

He added: “GRP has a strong acquisition pipeline across the UK. Our unique  proposition continues to be highly attractive to broking entrepreneurs looking to crystallise value from their work, while maintaining an ongoing and active role in driving business growth. ” Continue reading

New ‘News’ Thread for GRP Followers

We have now launched our News Thread which can be followed using feed-reading apps and software across a number of platforms.  This will make it easier for our followers to keep informed of the latest changes and developments in GRP Insurance services and across the wider group.  Click on the “News” tab which is located in our main menu and copy the URL into your chosen feed-reading application.