GRP appoints CEO of largest business unit from Marsh
Global Risk Partners (GRP), an acquisitive insurance broking and managing general agency (MGA) investment vehicle, has hired the new chief executive officer (CEO) of its largest business division from Marsh.
Duncan Carter (pictured) has been appointed CEO retail at Global Risk Partners, reporting to group CEO Mike Bruce. He joins GRP from Marsh UK, where he was head of placement and networks.
Carter has spent over 30 years in the UK insurance industry, on both broking side and insurer side. Prior to GRP, he spent nine years at Marsh, where he held a number of senior market-facing roles including managing director, markets, managing director, direct and partnerships and his final position as head of placement and networks. He also spent 18 years at Allianz in the commercial division, where he was head of Premierline Direct before joining Jelf (now Marsh Commercial) in 2012.
Bruce stated that the need for a CEO role has come about as a result of continued growth of the retail division, which now employs over 1,000 staff in offices across the UK.
“The Retail division is the largest business in GRP, and the exponential growth we have seen over the last few years is set to continue with a great pipeline of acquisition deals in play. Our model is to integrate, digitise and drive organic growth in the brokers we acquire, and as CEO Retail, Duncan will join the GRP Executive to spearhead these ambitious plans," he said.
Carter's appointment follows that of COO Steve Anson from Ardonagh in April. "[Anson] is a seasoned practitioner with the breadth of experience to make a big and positive difference to our high performing Retail division,” said Bruce.
He added: “ GRP’s ability to attract the best senior industry talent is key to our strategic ambitions, and we will continue to seek out top talent to drive performance across all our businesses.”
Carter commented: “ GRP is a stellar brand and I’m excited to be leading the retail business at this time. My priorities will include working alongside Steve [Anson] and the existing Retail leadership team to push through GRP’s digital transformation agenda, ensuring that we deliver our ambitious organic growth targets, and keeping up the momentum on our M&A pipeline.”
“The broking sector is going through a significant period of change, accelerated by Covid, and the opportunities for driving growth are in plain sight for businesses with the right model and with strategic intent. It is clear that GRP will be one of the winners from this latest cycle and I look forward to being part of this successful team.”
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