BPL Global has acquired Gina Fitzgerald (GFL), a private political risk insurance brokerage with clients largely based in Germany and Austria.
The sum of the acquisition remains undisclosed, and chief executive Gina Fitzgerald will remain fully involved with the company.
“This move takes GFL to the next level,” comments Gina Fitzgerald. “We have a leading position in the German market and want to develop this further. The partnership with BPL Global means that I can remain strongly client-focused and, with the backing of BPL Global’s resources and reach, satisfy my clients’ increasing demands.”
GFL is London registered, but specialises in designing political risk, trade credit and contract frustration insurance for its largely industrial client base in Germany and Austria.
“We are delighted with the acquisition of GFL,” says BPL Global chairman Charles Berry. “GFL has a first class reputation, and this confirms our commitment to the important German market. This acquisition also fits very well with our strategy of partnering with leading market professionals in building a global, specialist and independent alternative for major international corporations, banks and financial institutions with exposure to emerging market risks.”
GFL was set up in 2000 by Gina Fitzgerald, after spending the majority of her career working for HSBC Insurance Brokers.
Reader Comments