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Such is the pace of consolidation these days, deal announcements have almost ceased to be news. In fact, it would probably be more newsworthy if a week went by without a deal being announced.
That said, one acquisition did make the market sit up and take notice – Global Risk Partners’ (GRP) move for Marsh Networks, a deal that is currently going through the standard regulatory processes before it is confirmed.
It got attention for two reasons. One, the roughly 280 brokers that currently make
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Global Risk Partners Agrees to Acquire Marsh’s UK Networks Business February 18, 2021
Global Risk Partners (GRP) has entered into an agreement to acquire the UK Networks business of Marsh, the global insurance broker and risk adviser.
Terms of the transaction, which is subject to regulatory approval, were not disclosed. Completion is expected by the second quarter of 2021.
The Networks business comprises Marsh ProBroker, Bluefin Network and Purple Partnership. The acquisition also includes Marsh Connections, Marsh Labyrinth and Broker2Broker (B2B), part of Marsh’s wider UK networks business, which provide brokers with access to a range of products and facilities.