Insurance entrepreneurs Cullum and Utley back utility MBO
Insurance entrepreneurs Peter Cullum (pictured) and Neil Utley are backing a management buyout of an energy broker serving the charity sector.
Cullum, founder of Towergate and more recently the consolidator GRP, and Utley, who guided Hastings to its stock market flotation, provided financial support to the management buyout of Utility Aid from its private owners.
Utility Aid helps charities purchase energy cost effectively. The company already boasts some 1,800 charity clients including Age Concern, Citizens Advice Bureau, Multiple Sclerosis Society and YMCA.
“Utility Aid has a strong platform for growth which myself and Neil recognise,” Cullum said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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