GRP was established by Chairman Peter Cullum, Chief Executive David Margrett and Chief Operations Officer Stephen Ross in 2013.
They identified a significant opportunity in the market for brokers, Managing General Agents (MGAs) and teams who want to release equity from their business. GRP meets this need by offering solutions to existing shareholders who wish to exit, either partially or completely.
We acquire brokers, MGAs, portfolios and teams which have niche, non-commoditised, specialty business and strong profitability. Existing management teams who want to continue to develop the business as part of GRP benefit from operational support in regulatory compliance, HR, IT and finance.
GRP is backed by private equity firm, Penta Capital LLP.
The rapid and accelerating growth trajectory of the Group is testament to the strength of our client proposition, attractiveness of our acquisition solutions, and the effectiveness of our business integration model.
GRP is now the third largest independent insurance intermediary in the UK, looking after almost half a million personal and commercial clients across the spectrum of their industry, sector and specialist product needs.
Since launch, Peter, David and Stephen have recruited a talented and experienced leadership team headed by Mike Bruce, Group Managing Director which shares their entrepreneurial mind set and brings the expertise to drive the business forward.