Peter Cullum
Open GI and Powerplace complete MBO worth upwards of £300m
Open GI and sister company Powerplace have completed a management buyout valued in excess of £300m after tying up a deal with Montagu Private Equity following approval form the Financial Conduct Authority.
Sources play down Advent's growing Towergate holding
A reduction in Peter Cullum’s shareholding in Towergate to just 20% has been played down by a source close to the broker, who linked the move to the broker’s falling earnings.
County Insurance secures Cullum-backed MVP investment
Independent broker County Insurance has completed a deal with Peter Cullum’s funding vehicle Minority Venture Partners.
Interview: Dan Saulter: Hitting the ground running
When Dan Saulter was announced as chief executive at Davies, many in the market were surprised. He explains why he is the right man for the job and why the recent swathe of storms held no fears for him.
MVP boss McCaffrey closes in on second broker investment deal
Minority Venture Partners chief executive James McCaffrey has played down comparisons between his newly launched broker investment vehicle and Towergate’s Cullum Capital Ventures, ahead of ploughing investment into a second provincial broker.
Green Insurance Group first investment for Minority Venture Partners
Minority Venture Partners has invested in Bexhill-on-sea broker Green Insurance Group.
2014 tipped to see consolidation surge as sector’s M&A appetite increases
Regulatory certainty, soft market and economic recovery make deals likely.
Cullum set to launch equity release venture
A new broker equity release venture backed by Towergate's non-executive deputy chairman Peter Cullum is set to launch in the coming weeks.
Maven confirms £5m investment into Global Risk Partners
Private equity and alternative asset manager Maven Capital Partners has confirmed it is part of the syndicate providing £55m of investment into London market consolidator Global Risk Partners.
Cullum’s consolidation credentials face test as he joins Penta in backing GRP
Global Risk Partners warned it must adapt quickly amid market uncertainty.
Editor's comment: Harvest time in EC3?
The UK recently celebrated the Harvest Festival, a time when the growing season has finished and the mature crops have been gathered successfully, ready to feed hungry mouths over the cold winter months.
Additional funds at the ready for consolidator ahead of London market splurge
The founder of London market consolidation business Global Risk Partners has set his sights on tying up a string of deals for businesses with revenues between £1m and £50m in the coming months.
Towergate to re-focus on M&A following sale of 'non-core' underwriting business
Towergate chief executive Mark Hodges has insisted that acquisitions remain central to his firm’s growth strategy, despite the £9.25m sale of Towergate Underwriting’s commercial property business to Global Risk Partners.
Consolidators: Dead or alive?
Critics say the consolidation model is unsustainable, while its proponents argue it is yielding admirable results during difficult economic times. So, are consolidators heading into the future fighting fit, or are they falling apart?
Towergate’s Duggan puts market competitors networks in crosshairs
Duggan won’t ‘rule anything out’ in plans for business’s future
BIA 2012: Achievement Award
Winner Peter Cullum A crusader for professionalism and entrepreneurial spirit, Peter Cullum has revolutionised insurance distribution, writes Jonathan Swift.
Powerplace not a top five priority, admits Towergate CEO Hodges
Towergate chief Mark Hodges has declared that Powerplace is not even in the top five of his priorities at the insurance broker.
Editor's comment: Speculation turns into action
The chatter around ‘Tesco Law’, alternative business structures and law firm consolidation appears to be getting louder each week as another eye-opening deal is unveiled to the media.
My best 11: Alistair Steward, Questgates
Alistair Steward, director at loss adjusting company Questgates, names his Best XI for a potential start-up insurance company. Steward has chosen from the insurance elite, the celebrity world and the galaxy of football stars to select his dream team.
Insurance Age blog: What did you have for breakfast today?
I'm going to tell you something you don't know about me. Happy Gilmore is one of my all time favourite films. There are a variety of reasons why this is the case but one particular exchange never fails to make me chuckle.
Towergate chair Lyons: Hodges will join "in a few months"
The appointment of Towergate’s new group chief executive Mark Hodges is not a “starting gun” for a listing, according to its chairman.
Post Blog: History repeating itself - a tale of two Towergates
Having been rebuffed a fortnight ago when inquring about whether Aviva UK CEO Mark Hodges was jumping ship to join Towergate as group CEO, the Post news desk was not exactly surprised when he was unveiled as Andy Homer's successor today.
Post Blog: History repeating itself - a tale of two Towergates
Having been rebuffed a fortnight ago when inquring about whether Aviva UK CEO Mark Hodges was jumping ship to join Towergate as group CEO, the Post news desk was not exactly surprised when he was unveiled as Andy Homer's successor today.
Penny Black's insurance week
Given his aspirations as a pop impresario, Penny was interested to see former IAG UK boss and Hastings investor Neil Utley enter the annual Rich List chart above the likes of George Michael, Robbie Williams and Phil Collins.