Ripe has purchased boat insurance coverage specialist GJW Direct from Munich Re Specialty.
The deal was first introduced in October final 12 months.
Based in 1826, GJW Direct’s providing spans yacht, motor boat, narrowboat, jet ski and dinghy insurance coverage.
Ripe, which additionally owns Insure4Boats, beforehand snapped up specialist boat insurance coverage supplier Craftinsure in September 2023 in its first ever acquisition.
Munich Re Specialty’s resolution to promote GJW Direct was pushed by a mirrored image on our strategic targets and plans for the following stage of our personal progress.
At first of this 12 months Ripe CEO Alan
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