Deal will create largest independent specialist lines broker
Grosvenor Brokers has acquired Paul Napier Ltd to create one of the largest independent specialist lines broker in the Lloyd’s and international markets.
The deal, which was done through Grosvenor’s parent company AssuredPartners, will double the group’s presence, providing a sustainable platform for future growth in the London market.
Grosvenor Brokers managing director David St John said, “Combining Paul Napier with Grosvenor will significantly enhance and broaden our combined capabilities, both in our services to clients and also in our insurance market foot-print. Grosvenor’s focus on US and UK clients, together with Napier’s capabilities in the European and Caribbean markets, expands our global presence.”
Paul Napier chief executive Mark Winston said: “We are very excited about the new opportunities this will afford our combined operation. Together, we provide our clients greater scale, expertise and greater product variety, enhancing the service and the quality of the support we provide to our clients.”
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