GRP posts £400m GWP
But posts £7.11m loss due to acquisition drive.
Insurance investor Global Risk Partners (GRP) has posted a significant increase in its gross written premium of £400m for the year ending 2016 (2015: £150m).
Its Ebitda of underlying business was £12m this year compared to £4m in 2015, while income was £45m (2015: £19m).
But it posted a result in a pre-tax loss of £7.11m for the period (2015: £2.69m) because of its acquisition drive.
Speaking to Insurance Age, Mike Bruce, retail chief executive officer said the large jump was primarily
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