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.
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