GRP-backed Lloyd’s brokers Lonmar Global Risks and Ropner Insurance Services have confirmed that the two businesses have merged.
Lonmar and Ropner have merged under the single corporate entity of Lonmar Global Risks Limited with effect from July 31, 2018, but will maintain the Ropner brand for marine business and will use the Lonmar brand for non-marine business.
The combined business now operates from the same location in Mark Lane, London, where 120 staff members will work.
“By combining our two businesses we are able to offer all our clients a wider range of capabilities and products across both marine and non-marine classes of insurance,” said David Pexton, who continues as CEO of Lonmar.
“Our teams will work across client accounts under the new structure, and together we will be one of the leading independent Lloyd’s brokers, with a stronger and more diverse profile with the insurance market.”
Richard Steel, previously CEO of Ropner and now vice-chairman of Lonmar, said: “Over the past two years we have developed a familiarity with and respect for each other’s business and believe that both companies have much to gain from combining their operations.”
The CEO of Global Risks Partners, David Margrett, described both businesses as having a long and respected history operating in their own specialisms as Lloyd’s brokers.
“The merger was very much the brainchild of David and Richard, and I am convinced that, by bringing the businesses together, they will be able to build on their individual successes,” he said.
