Manchester-based insurtech Ripe acquires marine insurance specialist GJW Direct from Munich Re Specialty, set to finalize in H1 2025.

Ripe, a Manchester-based insurtech, has agreed to acquire marine insurance specialist GJW Direct from Munich Re Specialty, with the deal projected to finalize in the first half of 2025. Founded in 1826, GJW Direct specializes in non-commercial marine insurance. This acquisition enhances Ripe's position in the UK boat insurance market and allows GJW Direct to leverage Ripe's technology and marketing for future growth, aligning with Munich Re's strategic vision.

October 01, 2024
3 Articles