Global Risk Partners completes LONMAR deal
Global Risk Partners Limited, the acquisitive Insurance Broking and Managing General Agency (MGA) investment vehicle, has completed its backing of the management buyout of LONMAR GLOBAL RISKS (LONMAR), the specialist Lloyd’s broker. This transaction was originally announced on 26 April 2016 and was subject to regulatory consent, which has now been received.
David Margrett, Chief Executive of Global Risk Partners, said “We are delighted that the LONMAR MBO has been completed. We are looking forward to working with David Pexton and his team in implementing their exciting growth strategy, whilst maintaining LONMAR’s emphasis on providing the quality service and innovative approach that their clients expect.”