GRP projected growth driven by more acquisitions


Global Risk Partners (GRP), a vehicle aimed at acquiring brokers and managing general agents (MGAs) trading in the UK retail and global, specialty insurance markets, has predicted a significant rise in income and earnings before interest, tax, depreciation and amortization (EBITDA) following 18 acquisitions in 2019. It said its loss of £17.9 million for y/e March 31 2019 was because a number of acquisitions were completed towards the end of the 2018-19 financial year, and as a result have only partially impacted the annual accounts.

Global Risk Partners, Mergers and Acquisitions, Insurance, Reinsurance, MGA, Peter Cullum, Mike Bruce, UK

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