GRP is one of the 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 insurance and risk management needs.
The Group 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.
GRP acquires 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.
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.
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.
GRP is backed by private equity firm, Penta Capital LLP. In February 2020, GRP announced a major investment into the firm from Searchlight Capital Partners, a global private investment firm. This investment is currently subject to regulatory approval See our press release.