BMS Group has acquired specialist re/insurance broker David Roberts & Partners after agreeing to buy the investment stake held in the intermediary by private equity form Inflexion. Established in 1977, DR&P places more than £620m worth of gross written premium and has a team of almost 400 people based in 25 UK and European offices.

John Page, chief executive of DR&P, said: “We are proud of what has been achieved with the support of Inflexion over the past three years. Their investment has allowed us to build a market leading business in the UK insurance market. We believe there are significant opportunities for further growth ahead of us.”