Global Risk Partners acquires specialist Lancashire-based intermediary 3XD

Broking firm Global Risk Partners (GRP) has acquired Lancashire-based insurance intermediary 3XD, which provides specialist insurance through a range of distribution channels including independent financial advisers.

The acquisition has been approved by the UK's Financial Conduct Authority (FCA).

Following the deal, 3XD CEO David Fulluck, COO Graham Kelsall, and the rest of the staff will remain with the business under the ownership of GRP.

Clive Nathan, CEO Underwriting at GRP, said: “3XD is a highly successful growth-oriented business with a strong track record in household, landlord and learner driver insurance. 3XD is renowned for its range of customer centric products, and its state of the art trading system.

“I’m delighted to welcome David, Graham and their colleagues to GRP and look forward to supporting them as they take the business on the next phase of its journey.”

Fulluck added: “We are very excited by the opportunity for 3XD within GRP and the growth prospects being part of a large group brings. I firmly believe that the ownership model applied by GRP, where we as owners can create value from our work, but continue to hold a stake in 3XD and help drive the business forward, is hugely compelling and a reason why their acquisition track record is so powerful.”

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