GRP invests in Green Insurance as MVP exits
Broker teams up with Peter Cullum-backed vehicle having sold minority stake to Cullum-backed MVP in 2014.
Global Risk Partners (GRP) has bought a majority stake in Bexhill-based Green Insurance Group for an undisclosed amount.
The company was the first broker that Peter Cullum-backed MVP invested in, as Insurance Age revealed in January 2014.
It is understood that MVP have now exited the firm.
The deal then was designed to allow the broker to make further acquisitions. Since 2014 its deals have included T&L Insurance Services, Mayman Financial Services as well as M B Mulcahy Associates.
Manageme
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