Global Risk Partners acquires UK insurance broker

Global Risk Partners (GRP), an investment vehicle operating in specialty insurance markets, has acquired commercial and personal insurance broker SLK General Insurance Services, based in Cambridgeshire.

SLK Insurance’s management team will continue to lead the business.

Shaun Locke, managing director of SLK Insurance, said: “Joining Global Risk Partners is an ideal solution for our business and with their support we can accelerate our growth plans. We are looking forward to working closely with GRP to become a major broking force in the region which will benefit our clients, staff and insurers.”

Mike Bruce, chief executive officer of broking at GRP, added: “SLK is a long established broker with a strong reputation in Cambridgeshire and I am delighted to welcome Shaun and his team to GRP. We have ambitious growth plans to grow our footprint in the region through further acquisitions and recruitment of talented individuals.

“GRP currently handles c £400 million of insurance premium and offers an ideal environment for entrepreneurial businesses, teams and individuals who wish to grow as part of an independent, strongly capitalised, regulatory compliant intermediary business.”