GRP has been one of the most active investors in traditional insurance brokerage businesses over the last few years, with over 40 companies joining the GRP family of companies. Streamlining the 1990s broker model, applying some tech in the background, whilst retaining what makes each business unique in terms of people and branding has been a successful strategy. Now it seems that process is set to speed up, as GRP announce a key appointment: Scott Hallett has joined Global Risk Partners [GRP] in a newly created role as investment director, reporting to Stephen Ross, GRP’s COO.
Mr Ross explained that Scott’s appointment is a further significant investment in the group’s M&A team. Scott will be responsible for working with GRP’s brokers and MGAs to accelerate GRP’s acquisition strategy as it looks to build on its success to date.
He said: “Finding the right businesses with leaders who will enjoy and thrive in GRP’s entrepreneurial culture has been central to our success. Scott is an experienced practitioner with good connections in the market, both of which make him an ideal choice for this role.”
“We have a significant number of potential new acquisitions already in play, and I’m sure Scott will make a real impact in helping to bring these deals to fruition, as well as developing our pipeline.”
Scott Hallett commented: “I have a number of former colleagues at GRP, and I’m really excited about joining up with them again to become part of a highly successful acquisitions team.”
Prior to joining GRP, Scott was general manager at Aspen Risk Management and regional director at Fusion.
Global Risk Partners Limited (GRP) is a vehicle aimed at acquiring brokers and managing general agents (MGAs) trading in the UK retail and global, specialty insurance markets. It was established in 2013 by Peter Cullum – Chairman, David Margrett – Chief Executive, and Stephen Ross – Chief Operating Officer, and is backed by private equity firm Penta Capital LLP.
GRP acquires businesses, teams and portfolios that have niche, non-commoditised, specialty propositions and strong profitability. GRP is one of the top independent brokers in the UK.