15 October 2020Insurance

GRP bolsters strategic focus on inorganic growth with latest hire

Global Risk Partners (GRP), a specialist investment vehicle for brokers and MGAs, has hired David Cunningham as investment director to help accelerate its inorganic growth from mergers and acquisitions.

GRP seeks to grow its M&A and premium finance business through its latest senior hire, following a series of senior management moves including the appointment of Stuart Grieb and Chris Haggart.

In his new role, Cunningham will lead a team of three investment executives and report to head of M&A Stephen Ross.

Cunningham joins the firm from Close Brothers, where he served as new business sales director for over a decade.

Ross commented: “David is a very well-known figure in our sector, with an outstanding track record of business development during his time at Close Brothers Premium Finance. Although we have already an excellent pipeline of acquisition opportunities, we want to step up the pace of our inorganic growth, in lockstep with the continued improvement in the Group’s organic growth performance.”

“We want to draw on David’s experience and increase our premium finance revenue through a combination of increased finance penetration, and improved deals with our finance providers,” he added.

Cunningham said: “GRP is one of the most exciting brands in the broking sector, and a great home for broking entrepreneurs who want to create value and share in the Group’s growth trajectory. I’m convinced that the pandemic will accelerate M&A activity in retail broking and I’m looking forward to being part of its ongoing success.”

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