Owned by husband and wife team David and Shirley Broadley, the Yorkshire-based firm was founded in 1928 and specialises in farm insurance.
Geoff Kirk, MD of Marshall Wooldridge, said: “R F Broadley is a well-respected, long-established local family firm with a strong client base and great expertise, particularly in agriculture.
“David, Shirley and their team will all be remaining with the business, and we’re delighted to have them on board.”
David Broadley said: “This is very exciting news for us and our team, and we’re all looking forward to the opportunities it’s going to create.
“We have the benefit of more than 90 years of expertise as a family business and we’re delighted that Marshall Wooldridge has recognised the value that can bring.”
Mike Bruce, Group CEO at GRP, said: “This is Marshall Wooldridge’s second acquisition since they joined GRP and represents another success in terms of broadening their commercial scope and the breadth of expertise they can offer clients.”