GRP Retail Ltd

What GRP Retail Ltd does

GRP Retail Ltd is a UK-based insurance brokerage operating under the trading name Brown & Brown, Newmarket, from a single office at Hyperion House, Oaks Office Park, Fordham Road, Newmarket, CB8 7XN. The entity was previously known as GRP Insurance Services and SLK Insurances before being acquired by Brown & Brown, the US-listed (NYSE) insurance brokerage group. It is authorized and regulated by the Financial Conduct Authority under Brown & Brown Insurance Brokers (UK) Limited (FCA Reference 745618). The office is staffed by approximately 5 employees and serves personal and commercial customers across Suffolk, Cambridge, Haverhill, Bury St Edmunds, and the wider United Kingdom.

The business offers a broad insurance product catalog spanning personal lines (car, home, travel, pet, income protection, boat & yacht) and commercial lines (cyber, liability & indemnity, directors & officers, fleet, property owners, business interruption, legal expenses, trade credit, surety bonds), plus a Private Client sub-brand for high-net-worth needs (fine art, bloodstock, farm and estate) and group benefits products (group risk, group health, business protection, critical illness, international health). It also serves sector-specialized clients in construction, haulage & logistics, motor trade, agriculture, equine, and taxi. No proprietary technology is disclosed; customer-facing operations rely on the Acturis-based Customer Login portal and a quote-request workflow.

Revenue is generated through brokerage commissions on insurance placements (transaction-fee model). Customers are segmented across SME business, corporate, and personal tiers, with a hybrid segmentation approach and a direct-sales go-to-market model emphasizing face-to-face consultation and long-term advisor relationships. The entity's competitive position rests on access to Brown & Brown's global carrier partnerships and the local trust built up under its prior GRP Insurance Services identity in the Suffolk community.

Name

GRP Retail Ltd

Legal name

Brown & Brown Insurance Brokers (UK) Limited

Website

https://grpinsurance.co.uk

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

GRP Retail Ltd is a 5-employee UK insurance brokerage operating as Brown & Brown, Newmarket, offering personal, commercial, private client, and group benefits insurance products across Suffolk and the wider UK under FCA authorization. The firm earns commissions on policies placed through Brown & Brown's global carrier network.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Retail (Personal Lines) Insurance Brokerage (FSAEADAA), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance brokerage
• Commercial insurance
• Personal insurance
• Risk management
• Business insurance

Headquarters

HQ city

Newmarket

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance brokerage commissions: As an insurance broker, the company earns commissions from insurance products placed with insurance carriers. Revenue is generated through transaction-based commissions on insurance policies sold to both business and personal customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

GRP Retail Ltd operates as Brown & Brown, Newmarket, an FCA-authorised insurance brokerage distributing personal lines (car, home, travel, pet, income protection, boat and yacht, private client) and commercial lines (cyber, liability, directors and officers, fleet, property owners, business interruption, legal expenses, trade credit, surety bonds, group risk, group health) through carrier partners. The firm places policies on behalf of individuals, SMEs, corporates, and specialist sectors such as construction, haulage and logistics, motor trade, agriculture, equine, and taxi, earning brokerage commissions on each placement.

Product overview

GRP Retail Ltd operates as a diversified insurance brokerage offering a comprehensive portfolio of personal and commercial insurance products. The core offering spans personal lines (car, home, travel, pet, income protection, boat/yacht) and business/commercial lines (cyber, liability, D&O, fleet, property, business interruption, legal expenses, trade credit, surety bonds). The company also provides private client services for high-net-worth individuals covering residences, fine art, private motor, bloodstock, and farm/estate. Employee benefits products include group risk, business protection, health insurance, and critical illness coverage. The business serves both SME and corporate clients across multiple industry sectors including construction, haulage/logistics, motor trade, agriculture, equine, and taxi. The company was formerly known as GRP Insurance Services and SLK Insurances before acquisition by Brown & Brown.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Insurance (Personal) Personal automobile insurance coverage for individual vehicle owners placed through carrier partners.
• Home Insurance Coverage for personal residences including standard policies and specialist options for thatched roofs and renovations.
• Travel Insurance Insurance coverage for personal travel including medical emergencies, trip cancellations and baggage loss.
• Pet Insurance Insurance coverage for veterinary expenses and pet-related liabilities.
• Income Protection Personal income protection insurance to replace earnings during illness or injury.
• Boat and Yacht Insurance Specialist insurance coverage for boats and yachts including liability and physical damage.
• Private Client Insurance High-value insurance solutions for affluent clients covering main residences, investment properties, holiday homes, fine art, private motor, building work, bloodstock, and farm and estate.
• Cyber Insurance Business insurance coverage for cyber risks including data breaches, ransomware and network liability.
• Liability and Indemnity Insurance General liability and professional indemnity coverage for businesses.
• Directors and Officers Insurance D&O coverage protecting company executives and board members from personal liability claims.
• Business Vehicle and Fleet Insurance Commercial vehicle and fleet insurance solutions for businesses.
• Property Owners Insurance Insurance coverage for real estate investors and property owners.
• Business Interruption Insurance Coverage for lost income and operating expenses when business operations are disrupted.
• Legal Expenses Insurance Coverage for legal costs and professional fees.
• Trade Credit Insurance Protection against non-payment by buyers or debtors.
• Surety Bonds Contract surety bonds and guarantee instruments for business obligations.
• Group Risk Insurance Employee benefits including group life, critical illness and income protection.
• Business Protection Insurance Key person and business continuity insurance for businesses including executive income protection.
• Group Health Insurance Corporate health insurance solutions including business health insurance.
• Critical Illness Insurance Individual and group critical illness coverage.
• International Health Insurance Medical insurance coverage for individuals living or working abroad.
• Risk Management Services Risk assessment and management consulting services for businesses, accessed via the dedicated bbrownriskmanagement.com platform.
• SME Business Insurance Comprehensive insurance packages tailored for small and medium-sized enterprises across multiple commercial lines.
• Corporate Insurance Large-scale commercial and corporate insurance solutions spanning D&O, trade credit, surety bonds, business interruption and legal expenses.
• Construction Insurance Specialist insurance for construction businesses including contractors, covering liability and property exposures.
• Haulage and Logistics Insurance Insurance coverage for transportation, haulage and logistics companies, including fleet management.
• Motor Trade Insurance Insurance for motor trade businesses including dealers and repairers.
• Agriculture Insurance Specialist coverage for farming and agricultural businesses.
• Equine Insurance Specialist insurance for horses and equestrian businesses including bloodstock insurance.
• Taxi Insurance Specialist coverage for taxi and private hire vehicle operators.

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Brown & BrowncoreOthersGRP Insurance Services was acquired by Brown & Brown and operates as Brown & Brown, Newmarket. The acquisition provides access to Brown & Brown's strong insurance partnerships, enhanced products, risk management resources, and worldwide network of insurance professionals.

Scale indicators1 record

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Aon UK: Global insurance brokerage and advisory firm with substantial UK operations serving corporate, commercial and personal lines. Overlaps with Brown & Brown, Newmarket on commercial brokerage, group benefits and risk-management services, though Aon operates at much larger enterprise scale.
• Arthur J. Gallagher (UK): UK arm of global insurance broker Gallagher, offering commercial, personal and specialty lines through UK regional offices. Overlaps with Brown & Brown, Newmarket on multi-line commercial brokerage and sector specialisms, though at larger scale and broader geographic footprint.
• Marsh Ltd (UK): UK arm of Marsh McLennan, a global insurance and risk advisory incumbent. Competes with Brown & Brown, Newmarket on commercial/corporate and specialty lines (including private client and bloodstock via its private equity and high-net-worth practices), but at significantly greater scale and breadth.

Emerging players

• Hiscox UK: UK specialty insurer and broker with strong cyber, D&O and high-net-worth personal lines franchises. Overlaps with Brown & Brown, Newmarket on cyber, D&O and private-client offerings, though Hiscox combines underwriting with brokerage.

Regional players

• BIB Insurance Brokers: Independent UK broker with regional office coverage offering personal and commercial lines. Similar mid-market, relationship-led distribution model to Brown & Brown, Newmarket, though serving different UK regions.
• Larkfield Insurance Brokers: Regional UK commercial insurance broker serving SMEs across multiple sectors. Comparable mid-market commercial brokerage proposition, though operating in different UK regions than Brown & Brown, Newmarket's East Anglia focus.

Direct peers

• Adrian Flux Insurance Services: UK specialist broker known for non-standard personal lines (including equine, motor trade, high-performance vehicles, home and travel). Comparable to Brown & Brown, Newmarket on its niche-serve proposition in equine, motor trade, and other specialty personal lines.
• Towergate Insurance Brokers: One of the UK's largest independent insurance intermediaries offering personal, commercial and specialist lines through a regional office network. Highly comparable to Brown & Brown, Newmarket in product breadth (commercial SME, personal lines, specialty niches) and distribution model.
• Howden Insurance Brokers (UK): UK division of Howden, the fast-growing global insurance broker group, operating a multi-office UK network with strong SME and specialty commercial capabilities. Closely comparable operating model and product mix to Brown & Brown, Newmarket, including sector specialisms.
• Stackhouse Poland Lloyd's Brokers: Independent UK Lloyd's broker specialising in commercial and corporate insurance across multiple sectors. Comparable to Brown & Brown, Newmarket on commercial lines distribution and sector specialisms including haulage, construction and motor trade.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/grpretailltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GRP Retail Ltd