GJW Direct, founded in 1826, has established itself as a leader in marine insurance, focusing on boat and small craft coverage. The acquisition marks Ripe’s second major transaction within a year and strengthens its position as one of the UK’s leading providers of boat insurance.
Danielle Champion, Managing Director of Munich Re Specialty – Global Markets, UK, commented on the transaction, stating, “Munich Re Specialty has been proud to own GJW Direct for over 20 years.”
She added “The decision to sell aligns with our strategic vision for 2025 and beyond. We are confident that Ripe, with its expertise in marine insurance and digital marketing, is well-positioned to drive the future growth of GJW Direct.”
The acquisition is part of Ripe’s broader expansion plan, aiming to continue its growth in niche markets while leveraging its digital marketing strengths.
Alan Thomas, CEO of Ripe, expressed enthusiasm for the acquisition, calling it a “milestone” for the company. He emphasised that Ripe’s tech-driven approach and marketing capabilities would enhance GJW Direct’s offerings while maintaining its strong customer base.
He added “Our M&A strategy is gaining momentum, and we anticipate more acquisitions in the near future, particularly in specialist or SME propositions,”
