Ripe has signed as much as purchase non-commercial marine insurance coverage specialist GJW Direct from Munich Re Specialty, in a deal anticipated to shut within the first half of subsequent yr.
The acquisition of GJW Direct, based in 1826 with an providing that now spans yacht, motor boat, narrowboat, jet ski and dinghy insurance coverage, follows on from Ripe snapping up specialist boat insurance coverage supplier Craftinsure in September 2023 in its first ever acquisition.
Munich RE Specialty has owned GJW Direct for over 20 years.
Based on the present proprietor the choice to promote was “pushed by an intensive reflection on its specialty technique for 2025 and past”.
Experience
Danielle Champion, managing
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