Global Risk Partners, an investment vehicle aimed at insurance brokers and managing general agents, has appointed Mike Bruce to the newly-created role of Group Managing Director.
Bruce was appointed Chief Executive Officer, Broking in 2015 and has since overseen a a rapid and accelerating growth curve, with the Broking Division completing 29 acquisitions including major broking hubs such as County Group, Higos, Alan and Thomas, Green Insurance and ABL Group.
“Appointing Mike as Group MD is the right step forward at this exciting phase of GRP’s development,” said David Margrett, Group CEO.
“He has been instrumental in the success of our Broking Division, not only in working with the wider senior team to deliver on our strong acquisition pipeline, but also to successfully integrate acquired businesses into the Group infrastructure, and create an environment in which they can thrive and grow within GRP.”
Commenting on his appointment, Bruce said, “GRP is a unique business with entrepreneurship programed into its DNA.”
“I am proud to have the opportunity to step up to this new role and lead a high calibre team, many of whom have built their own successful businesses.”
“We have a clear strategy and I look forward to ensuring that we continue to execute on this, enhancing the value we deliver for our customers and insurer partners, and ensuring that GRP is a great place to work for our staff”
Peter Cullum, Executive Chairman, added,“The Group has progressed from start up to one of the top three independent brokers in the UK in a very short period. The time is now right for us to restructure our senior management team to maintain that momentum.”
“I would like to congratulate Mike on his appointment as Group MD. His energy and expertise has been key to the success of our Broking Division, and I have no doubt that he will be equally successful in this broader role within the Group.”