Global Risk Partners Ltd., the insurance broking and managing general agency (MGA) investment vehicle, has completed its backing of the management buyout of LONMAR Global Risks, the London-based specialist Lloyd’s broker.
Originally announced last month, the transaction was subject to regulatory consent, which has now been received, Global Risk Partners said in a statement.
David Margrett, chief executive of Global Risk Partners, said “We are delighted that the LONMAR MBO has been completed. We are looking forward to working with David Pexton and his team in implementing their exciting growth strategy, whilst maintaining LONMAR’s emphasis on providing the quality service and innovative approach that their clients expect.”
At the time of the original announcement, Pexton said: “With GRP’s backing we will significantly accelerate our strategy with the acquisition of individuals, teams and businesses…”
Source: Global Risk Partners
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
As US Residential Solar Industry Craters, Florida Bucks Trend 
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
eBay Settles Couple’s Harassment, Stalking Claims for $55.7 Million 
AI Finding Twice as Many Cyber Flaws in 2026 as It Did in 2025 
