Peter Cullum
Analysis: Fortune favours the bold – Is 2025 a ‘golden opportunity’ to join the M&A bandwagon?
With deals at an all-time high – but shrinking in size – and with the established consolidators becoming more picky, could 2025 be the perfect time for smaller brokers to start buying? Jonathan Swift mulls the hypothesis.
The Broker Investment Group supports first broker acquisition since rebrand
The Broker Investment Group-backed Beam Insurance has snapped up a medical insurance broker, and has plans to ramp up acquisitions.
Dave Clapp sets £250m three-year target for MVP and Ataraxia
Dave Clapp, CEO of Minority Venture Partners and Ataraxia, has unveiled a £250m gross written premium target for the broker investment group over the next three years.
Clive Galbraith steps down as chair of Green Insurance
Clive Galbraith has stepped down as chairman of Green Insurance Group but will be staying on with the broker on a part-time basis, Insurance Age can reveal.
HCF buys two brokers
The MVP-backed broker has made five purchases in a just over a year.
Ataraxia adds Open GI’s Simon Hughes to board
He joins the Peter Cullum-owned minority investment business after spending 18 years with the software house.
Dave Clapp takes over as MVP and Ataraxia CEO
James McCaffrey is to retire but will retain a non-executive interest in the Peter Cullum-owned insurance investor.
Cullum-backed Ataraxia launches broker network
MD Adam Boakes says model will help brokers increase their income as well as provide them with a guaranteed investor in their business once they're looking to exit.
Lord Hunt takes GRP main board role
Move follows Searchlight's purchase of a majority stake in GRP, which saw a number of management changes.
GRP to close "a number of deals" within weeks
Group CEO Mike Bruce on the Searchlight deal, expansion plans and how the firm's M&A activity is "gaining momentum".
Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and…
GRP retains hub focus following Searchlight deal
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
Searchlight believed to be final party in discussions with GRP – reports
GRP has been exploring sale and reinvestment options since last summer.
GRP buys Birrell Group to create Midlands hub
Broker becomes GRP's eighth major hub and will retain its brand, with all staff remaining with the business.
GRP’s £68m acquisition spree revealed
Total covers 10 businesses that the group bought in the year to 31 March 2019.
GRP reaffirms acquisition strategy despite £17.9m loss
Accounting procedures and acquisition costs blamed as turnover and operating profit grow 48% and 173% respectively.
Cullum-backed Ataraxia expands broker capital options
Following investment from Minority Venture Partners, the organisation is planning to do 75 deals in the next three years.
The Insurance Age Podcast: 6 September 2019
The Insurance Age team unpick the most recent and most popular stories.
GRP exploring sale and reinvestment options
It is believed that the consolidator is seeking fresh investment that could see current investors, including Peter Cullum, have their stake diluted as backer Penta reaches the end of its traditional investment period.
GRP buys Peter Cullum-owned Trimulgherry
Business is made up of nine firms, one of which will be GRP's retail hub for North London and Essex.
GRP pondering two more regional hubs
Consolidator targeting as least as many deals in financial year to 2019 as the 15 it achieved to 31 March 2018.