istock-487514402_kritchanut
iStock/ Kritchanut
23 July 2019Insurance

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.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Price Forbes launches new professional liability unit under JLT team 
The division is focused on growing professional liability business in Canada, North America and overseas.   US and Australia to get terrorism and sabotage cover earlier than planned
Insurer accelerates move to offer product in countries with ‘lack of existing facilities’ to extend insurance in this area of cover.  Hannover Re, HDI Global joint venture snaps up Swedish MGA for expansion
The acquired firm is one of the three largest insurers of yachts, motorcycles and snowmobiles in the Swedish market.  Insurance tech firm partners with PWC to tackle rising regulatory demands
The joint team will deliver software to cut manual processing, boost finance controls and accelerate statutory and regulatory reporting to manage standards such as IFRS17.  Liberty Specialty Markets unveils first chief cyber officer 
The executive will lead LSM's new cyber ‘centre of excellence’ and support the re/insurance underwriting functions.  AI-powered fraud detection insurtech enters UK marketThe company aims to tackle insurance fraud in the UK territory, saying that the demand has increased in the recent years.

Aon appoints regional head of captive & insurance management EMEAThe executive previously led White Rock Group and co-led the company's solution for Solvency II.

Save £600 with the Intelligent InsurTECH Europe Super Early-Bird rate:  Book now

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
24 June 2019   Broking firm the County Group (County), part of Global Risk Partners (GRP), has acquired a UK insurance broker with more than 70 years of trading in the Stoke on Trent area “bringing significant scale” to County’s North West UK hub.
Insurance
26 September 2019   Global Risk Partners (GRP) has appointed Scott Hallett to the newly-created role as investment director.
Insurance
18 November 2019   Gauntlet will retain its standalone status within GRP’s retail division.