Global Risk Partners (GRP) has acquired 100% of Christopher Trigg Ltd (Christopher Trigg), a highly regarded commercial insurance broker based in Rickmansworth.<\/p>\n
This is GRP\u2019s first transaction to be completed in 2023 and builds upon the M&A success in 2022. The deal has received regulatory approval.<\/p>\n
Founded by chairman Christopher Trigg in 1972 and led by managing director Dominic Trigg, the broker specialises in business, commercial property insurance and operates a private clients division. Christopher Trigg is also a leading member of the Hedron Network, GRP\u2019s broker network business. The business has a loyal client base, with many going back more than 40 years, thanks to high service standards and a strong focus on client relationship management.<\/p>\n
Following completion, Christopher Trigg will remain in its current office and become part of GRP\u2019s Retail South Division. Dominic Trigg will continue to run the business alongside directors Alec Shanahan and Owen Jenkins, and they and the rest of the team will remain with the business. Christopher Trigg will retire after fifty years at the helm.<\/p>\n
GRP\u2019s head of M&A, Stephen Ross, said: \u201cChristopher Trigg is in \u2018our sweet spot\u2019 of classic GRP acquisitions: highly entrepreneurial, experienced owner managers, an ambitious motivated team, and a strong and growing presence in their chosen markets.\u201d<\/p>\n
\u201cIt is an exceptional broker and a fantastic addition to our retail portfolio.\u201d<\/p>\n
\u201cOur expectation is that, with our support and access to the product and service firepower we can provide, the business is well positioned to continue its trajectory.\u201d<\/p>\n
Commenting on the deal, Dominic Trigg said: \u201cIt became clear during our early discussions with Stephen and Mike (Bruce, GRP\u2019s CEO), that GRP was the best possible custodian for our business, our excellent team, and our clients.<\/p>\n
\u201cWe have been a member of the Hedron Network for many years and once we decided to look for an investor in the next stage of development it seemed a natural progression to become part of GRP\/Brown & Brown.\u201d<\/p>\n
\u201cThe importance GRP and Brown & Brown attach to looking after our people and ensuring the best outcomes for our clients helped to make this an easy decision. \u201d<\/p>\n
\u201cWe look forward to becoming part of the GRP and Brown & Brown team, with all the advantages that brings for continued development of our business.\u201d<\/p>\n
About Global Risk Partners<\/strong><\/p>\n GRP operates retail broking, specialist MGA, network and Lloyd\u2019s businesses, enabling the business to serve the growing insurance and risk management needs of its clients. GRP is an operating unit of Brown & Brown, Inc.\u2019s Retail segment.<\/p>\n About Brown & Brown, Inc.<\/strong><\/p>\n Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With more than 14,500 teammates in 450+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbrown.com.<\/p>\n","protected":false},"excerpt":{"rendered":" Global Risk Partners (GRP) announces the acquisition of Christopher Trigg Ltd, the first transaction of 2023.<\/p>\n","protected":false},"author":45,"featured_media":18750,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[142,127,130,141,134],"class_list":["post-14284","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-acquisition","insight_category-company-news","insight_category-corporate-news","insight_category-investor-relations","insight_category-mergers-acquisitions"],"acf":[],"yoast_head":"\n