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Solicitors PI Renewal tips
With the deadline for Solicitors Professional Indemnity renewals fast approaching, The Crotty Group has gathered some tips, to help make the whole process as swift & safe as possible.
Brown & Brown, Inc. enters into agreement to acquire Global Risk Partners Limited
US broker Brown & Brown, Inc. (Brown & Brown) (NYSE: BRO) has entered into an agreement to acquire Global Risk Partners (GRP) from Funds advised by Searchlight Capital Partners, L.P. (Searchlight). The acquisition, which is subject only to regulatory approval, is expected to be completed in the third quarter of 2022 and will see Brown & Brown establish itself as a major force in the UK retail insurance market.
Grp’s Crotty Makes First Acquisition In Ireland With Deal For Martin Insurance
Crotty Insurance, the Dublin-based commercial broker that was acquired by Global Risk Partners (GRP) in September 2020, has made its first acquisition under GRP ownership with the purchase of Martin Insurance (Martin).
Insurer Solvency & Professional Indemnity For Solicitors
In 2010 there was Quinn Insurance in Ireland, In 2011 there was Lemma (Gibraltar based Insurer for UK Solicitors) and now in 2013 another Insurer, Balva has stopped taking on new business.
FCA Test Case update
The outcome of the FCA testcase while not binding in Ireland does have persuasive authority here. Combined with the outcome of the FBD case which is currently ongoing the FCA case will have a major impact on how Covid-19 losses are dealt with in the future.
Global Risk Partners Acquires Majority Stake In Crotty Insurance Brokers
Global Risk Partners [GRP] has completed its majority share purchase of leading Irish commercial broker, Crotty Insurance Brokers Ltd (“Crotty”).