GRP backs Ropner Insurance Services MBO


Global Risk Partners (GRP), where Towergate founder Peter Cullum is a co-investor, has backed a management buyout (MBO) at marine broker Ropner Insurance Services.

Ropner's management team, led by chief executive Richard Steel, will continue to lead the Lloyd's broker while GRP claims it will support the business's growth plans.

GRP said it has a fast growing stable of specialty managing general agents and broking businesses, in which each management team has a significant equity stake, and more

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