Global Risk Partners acquires London commercial lines broker
Global Risk Partners’ (GRP) business unit Hamilton Fraser has acquired a London-based commercial lines insurance broker specialising in property and legal indemnity insurance to boost its offering.
The acquired firm, Edmondsons has been trading since 1995 and is owned by Peter Hyne and his wife Susan, who bought the business from founder Gloria Edmondson in 1999.
Predominantly commercial, Edmondsons also has a personal lines high net worth book.
Edmondsons will join Hamilton Fraser, which GRP acquired in February 2022, and form part of the broker’s growing commercial portfolio. It is the first acquisition completed as part of Borehamwood-based Hamilton Fraser since it became part of GRP.
Hamilton Fraser is an insurance broker and provider of risk management solutions to the Private Rented sector and also the cosmetic and aesthetic practitioners industry.
Eddie Hooker, CEO at Hamilton Fraser, said: “I’ve worked with Peter previously, so it’s great that we’re joining forces again. He and his business are highly respected, and Edmondsons will be an excellent fit for our commercial portfolio. As well as building out the commercial book, we fully intend to support further growth in the high net worth book too.”
Hyne said: “We have come a long way since we began trading in 1995, and we’re very proud of the business we have built. We have a great relationship with our customers, many of whom have been with us for decades. I am confident they will be even better served as part of a larger group, with the additional firepower provided by Hamilton Fraser / GRP, as part of Brown & Brown.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
