Global Risk Partners snaps up specialist equestrian broker Shearwater

Global Risk Partners (GRP) has acquired Shearwater Insurance Services, a insurance broker based in Waltham Cross, Hertfordshire.

GRP is known for acquiring brokers and managing general agents (MGAs) trading in the UK retail and global, specialty insurance markets.

Mike Bruce, GRP’s group managing director, said: “Shearwater is a strong growth prospect with a quality proposition in both equine insurance and other commercial and personal lines. We warmly welcome Jeremy and his 36 employees to GRP, and look forward to supporting them as they accelerate their growth with us.”

Jeremy Lawton, managing director of Shearwater, commented: “GRP already has an excellent track record in our sector, via Lonmar, one of the most famous names in bloodstock insurance. Our discussions with Mike Bruce and his team have been hugely productive and we are delighted to become a part of one of the most dynamic and exciting insurance businesses in the UK.”

“We have had a successful start to the year and we will continue to look for outstanding businesses such as Shearwater, which will benefit from integration and enable management to focus on growth.”

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