GRP buys BPW in South Wales

GRP has already unveiled the buys of Rickmansworth-based commercial broker Christopher Trigg and managing general agent Nucleus Underwriting in the first fortnight of the year.

In 2022 the consolidator bought Swansea-based Prescott Jones as it struck several buys in Wales.

GRP’s County Group acquired the likes of Llandudno-based Business Insurance Specialist and Archenfield Insurance Management, which operates out of offices in Monmouth and Cardiff Bay, as well as Cardiff-based PG Insurance and Taylor Francis, which has an office in Newport.

Founded in 1983, BPW is a retail insurance broker based in Newport specialising in commercial and property insurance.

Staff

Paul Wiggins, the managing director, will continue to lead the business post deal with his fellow directors, Jason Evans, Ian O’Brien, Alison Phillips and Alisha Edwards, GRP confirmed.

Along with the directors, the team of 23 colleagues will all remain with the firm.

Stephen Ross, head of M&A at GRP, said: “It is a highly successful local business, and Paul is a well-known insurance leader in South Wales. He is focused on building out BPW’s market presence, and we are keen to support his plans.

“The business has deep roots in its community and has an excellent reputation with its clients. Paul and his team are progressive, dynamic and entrepreneurial, and I’m really pleased they’ve chosen GRP to be the custodians for their business.”

Backing

Wiggins said: “GRP is backing us to become one of the leading players in South East Wales, and with their support, I am confident that we can rise to those expectations.

“The value of being part of a bigger group is not just the better access to insurer partners and resultant enhanced product offerings to our clients, but also the opportunity to utilise GRP’s central resources to help us to focus on our clients and grow our business.

“We are all very excited about the prospect of being part of the GRP/Brown & Brown team, and 2023 promises to be an exciting year for us.”

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