Ripe reveals deal costs and 21% turnover growth
Digital managing general agent Ripe Thinking spent £22.8m on a pair of deals last year as turnover and operating profits rose.
The MGA completed the purchase of boat insurance specialist GJW Direct from Munich Re Specialty in April 2025.
A filing at Companies House show it paid £11.35m in cash to seal the deal.
It followed this up with holiday homes insurance specialist Schofields, marking its entrance into the sector. The bill came to £11.46m, settled with £7.5m in cash alongside £3.69m in deferred and contingent consideration.
RelatedRipe completes GJW Direct buy Ripe expands into holiday homes insurance with latest dealOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Blog: AI fraud is becoming a broker problem, not just an insurer problem
AI-generated documents extend the risk of fraud beyond claims settlement to the application and quote stages. Oleh Petrivskyy, founder and CEO of Binariks, explains why insurance distribution needs its own authentication mechanisms and offers four low-cost steps brokers can start with now.
Lockton brings in ex-Aviva and Gallagher leader Piper
Louise Piper has joined Lockton as a placement director in its major accounts business, working across large and complex clients.
Profile: MGAA’s Mike Keating
Mike Keating, CEO of the Managing General Agents’ Association, looks back on his career in insurance and discusses how the MGA market will continue to evolve.
Liquidators reveal estimated £9m hole at broker Anthony Jones
The liquidators of Kent-based Anthony Jones (UK) have released a statement of affairs estimating a £9.22m deficit, with numerous insurance businesses and HMRC facing potential losses, some as high as six figures, after the collapse of the broker.
Aviva moves first with terrorism cover for SMEs
Aviva has become the first insurer to add terrorism cover as standard to selected digitally traded commercial products for eligible SME customers in Great Britain.
Pen builds out in thatch with £50m Hadron deal
Pen Underwriting has teamed up with Hadron UK Insurance for the first time in a capacity deal for the thatched and personal leisure property risks market, Insurance Age can reveal.
Ardonagh reveals advisory growth in year of Everywhen name switch
Ardonagh Advisory grew income by 4.7% in 2025, the year it switched name to Everywhen, a filing at Companies House has revealed.
Clear buys Lloyd’s wholesale broker
Clear Group has bought Lloyd’s wholesale broker Newman Pearce & Partners, adding to its portfolio after snapping up Lilley Plummer Risks in 2024.