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GRP to go for regional push in 2017

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The company is targeting regional broker hubs and has five companies in due diligence.

Global Risk Partners (GRP) plans to complete the acquisition of five regional brokers by early 2017, Mike Bruce, retail chief executive officer said.

Bruce, who is responsible for all broking business at the firm said the planned acquisitions are subject to normal due diligence process.

These comments follow the company's end of year financial reports for 2016, which saw a gross written premium of £400m (2015: £150), alongside a run rate Ebitda income of £12m (2105: £4m).

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