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GRP reveals acquisition of Anglo-Hibernian

GRP reveals acquisition of Anglo-Hibernian | Insurance Business

GRP reveals acquisition of Anglo-Hibernian
To say that Global Risk Partners (GRP) Ltd has had a busy year, would be a drastic understatement.

The specialist vehicle for acquiring brokers and MGAs has been on something of an acquisition roll snapping up a succession of firms since March this year – its most recent deals involving Alan & Thomas Insurance and Green Insurance. Now you can add another name to that ever-growing list, in the form of Anglo-Hibernian Bloodstock Insurance Services Ltd.

GRP has swooped for 100% of the equity of the specialist bloodstock and equine broker which is based in Newmarket, the home of horseracing. Anglo-Hibernian writes £3 million GWP annually and CEO Jim Wordworth commented that it has become one of the leading bloodstock insurers in the market since its establishment back in 1997.

“This was an opportunity that fell into the ‘too good to miss’ category, especially as we have a relationship with Lonmar that goes back over 20 years,” he said.

“The added muscle that Lonmar and GRP provide will enable us to get bigger, quicker in the UK and I am very excited by the opportunities for Anglo-Hibernian as part of the wider group.”

Related stories:
Global Risk Partners snaps up Alan & Thomas Insurance
GRP announces Green Insurance acquisition