Grant Thornton advises Newman Pearce & Partners LLP

Founded in 2019, NPP is an independent Lloyd's wholesale broker providing specialist broking services to retail brokers and coverholders seeking access to the Lloyd's market. It has established expertise across Global Specialty, International Liability, Construction, Offshore Marine Liability and Specialist Property. 

NPP is a highly international business. Approximately 95% of its portfolio originates from overseas markets. Its core territories include Canada, Australia and the USA, alongside established distribution relationships across Turkey, Africa and India. 

The acquisition of NPP is a significant milestone in Clear's strategy to grow its London wholesale operations.

Using our in-depth knowledge of UK and overseas buyers, we identified a select number of trade parties that we believed were best positioned to deliver a premium valuation for the NPP business and a strong strategic and cultural fit for its members.

We also provided specialist tax advice, leveraging our previous experience in advising partnership businesses in the insurance intermediary sector.

We led and managed all workstreams through to completion,  including negotiations and overall process management, delivering an outstanding result for NPP’s members.