Global Risk Partners completes acquisition of Marsh’s UK networks business
Global Risk Partners (GRP) has completed its acquisition of Marsh’s UK networks business.
David Hopwood, head of the UK networks business, joins the GRP executive and continues to head up the networks business under new ownership. He retains overall responsibility for
building further growth and success for the network’s 256 members and around 400 trading partners.
The networks business is made up of Marsh ProBroker, Bluefin Network and Purple Partnership. The acquisition also includes Marsh Connections, Marsh Labyrinth and Broker2Broker (B2B).
Since the deal was first announced in February the networks business has launched a new Hedron Network brand, which Hopwood described as “a powerful image to represent our network’s mutually supportive community of brokers, insurers, and the many product and service facets of our proposition.”
The completion means that GRP controls or influences approximately £1.6 billion of gross written premiums, annually.
Mike Bruce, GRP’s group chief executive officer, said: “The launch of the new brand will trigger our ambitious strategy for the business, which include plans to bring new members on board, provide new products and services for our members, and increase penetration of the network panel.”
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