Monday, March 27, 2023
HomeInsurance LawInternational Danger Companions buys Henshalls Insurance coverage Brokers

International Danger Companions buys Henshalls Insurance coverage Brokers

UK-based insurance coverage middleman International Danger Companions (GRP), a unit of Brown & Brown, has purchased John Henshall for an undisclosed sum. 

John Henshall trades as Henshalls Insurance coverage Brokers (Henshalls).

Arrange in 1967, it’s a business dealer with headquarters in Newport, Shropshire and workplaces in Shrewsbury and Stafford.

The agency specialises in foods and drinks, manufacturing, building, charities, sports activities and hospitality sectors.

It additionally provides bus, coach, and minibus insurance coverage by way of its two different insurance coverage companies, Bayliss and Cooke and Coachline.

Henshalls’ administrators Mark Freeman, Martin Pitchford, Dave Williams, Anthony Hughes, and Neil Atkinson together with their remaining group will proceed to work with the agency.

GRP head of M&A Stephen Ross stated: “Henshalls is a extremely good match for our retail enterprise giving us a priceless presence in Shropshire and Staffordshire.

“That a part of the world isn’t extensively served by brokerages, so we’re happy that Henshalls, which has been buying and selling efficiently for a few years, has chosen to hitch our retail division.”

Henshalls managing director Mark Freeman stated: “We now have operated as a proud unbiased dealer since 1967 and determined that now was the best time to hitch GRP. It will allow us to proceed our historic development and broaden our footprint on this space of the UK. In our discussions with Stephen Ross (GRP’s head of M&A) and Mike Bruce (GRP CEO), it turned clear that becoming a member of GRP was the perfect future possibility for our enterprise, our glorious group and our prospects.

“It gives us with a robust platform on which to construct the subsequent thrilling chapter for the enterprise. The added power offered by Brown & Brown’s possession of GRP, and significantly its ‘perpetually firm’ ethos, was a significant factor behind our resolution to hitch the enterprise.”

Final month, GRP purchased bpw Insurance coverage Providers, a retail insurance coverage dealer. 



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