’All shareholders have retained a significant stake and we’re excited to build on our strong foundations, support our existing clients and continue our growth journey,’ says managing director
The Broker Investment Group-owned (TBIG) Mark Richard Insurance has acquired a 75% stake in Cheshire-based Portal Broking Group, marking its sixth deal of 2025.
Mark Richard is a south west regional broker controlling £12.5m GWP. This latest deal increasing its GWP to £14.5m, with Mark Richard targeting over £20m GWP by the end of 2028.
Established in June 2022, the Portal Broking Group is a £2m GWP commercial insurance specialist with an expertise in sports club insurance.
Dave Clapp, chief executive at TBIG, said: “Portal Broking Group is a fantastic business and Jason Munnelly, Janet Munnelly and Louise Graham are people I know well and hugely respect. They truly understand commercial broking and partnering with Mark Richard was an easy decision for us.
”This marks our sixth deal of 2025 and we’re delighted to welcome the Portal team on board as we continue to back high-quality regional brokers.”
Growth journey
Portal Broking Group will continue to be led by managing director Jason Munnelly.
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The full team of three will remain in place as they pursue growth plans with the support of both Mark Richard Insurance and TBIG.
Munnelly said: “We’re delighted to join Mark Richard Insurance and the wider TBIG Group.
”This partnership gives us access to a broader panel of insurers and to valuable support across compliance, sales, systems and marketing when required. All shareholders have retained a significant stake and we’re excited to build on our strong foundations, support our existing clients and continue our growth journey.”
Amanda Nethercott, managing director at Mark Richard Insurance, added: “We’re thrilled to welcome Portal Broking Group, its staff and its clients to the Mark Richard family.
”Their market knowledge, strong insurer relationships and client-first approach align perfectly with our values. Portal has achieved impressive early growth and with the backing of TBIG we look forward to supporting the next stage of their development.”
With a range of freelance experience, Harriet has contributed to regional news coverage in London and Sheffield, as well as music and entertainment reporting across various publications.View full Profile
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