Cullum-backed GRP backs Plum MBO
Plum Underwriting completes management buyout following support from Cullum-backed Global Risk Partners.
Plum Underwriting, the specialist household insurance managing general agent, has completed a management buyout (MBO) with financial backing from Global Risk Partners - the private equity venture supported by Towergate's non-executive director Peter Cullum.
The deal has been done to support Plum's expansion plans. Plum's executive team consisting of David Whitaker, managing director, Tobias Daley, underwriting and claims director, and Mahben Quddus, head of operations and marketing, will
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