Independent broker, RK Harrison has purchased four businesses within Gibbs Hartley Cooper (GHC) from Marsh.Included in the deal are all of GHC’s specie and cargo practices and most of its North America property and casualty and accident, health and contingency practices.The businesses became part of Marsh in 2010, following its acquisition of HSBC Insurance Brokers. They in turn, became part of a unit which was subsequently rebranded as Gibbs Hartley Cooper.GHC recently decided to focus as a portfolio-centric broker providing London wholesale services to third parties and Marsh’s UK businesses, managing underwriting services platforms to the markets and broking and capacity creation for managing general underwriters and consequently viewed the practices being sold as non-core to its future activities."Given this focus, it is right that GHC’s other portfolios should transfer to a broker where their value can be better realised as integral constituents of its operations,” said Martin South, CEO of Marsh Europe.“The GHC team now looks forward to developing GHC into a major broking force in the London Market for the benefit of Marsh, its clients and the wider market,” said Steven Ahern, CEO of GHC.The acquisition will likely take RK Harrison’s revenues past the £100 million ($161.72 million) mark. It is speculated that more than 70 staff will move to RK Harrison.