Brown & Brown to acquire Global Risk Partners

Mar. 07, 2022 5:16 PM ETBROBy: Jessica Kuruthukulangara, SA News Editor

Brown & Brown (NYSE:BRO) will acquire Global Risk Partners.
Global Risk Partners will operate within BRO's retail segment and will continue to be led by its global CEO Mike Bruce.
Following the completion of the transaction, Bruce will serve as a member of BRO's senior leadership team.
The transaction is expected to close in Q3 of 2022. Terms of the deal were not disclosed.
With annual revenue of ~$340M, London-based Global Risk Partners is one of the top independent insurance intermediaries in the U.K.