Cullum-backed MBP acquires minority share in London-based family broker

Peter Cullum-backed Minority Broker Partnerships (MBP) has acquired a minority share in family run broker Eggar Forrester Insurance.

Based in London, Eggar provides insurance propositions across a range of sectors, including real estate, private client and media. 

It is led by managing director Tommy Hodgson, who said the deal was an “exciting milestone”.

Hodgson added: ”We’ve built a fantastic business with an outstanding team, loyal clients and strong insurer relationships. As we considered the next stage of our growth, it was important to find a partner who shared our values and understood what makes Eggar special.

”Cullum, James McCaffrey and the MBP team bring significant experience in building successful insurance businesses and we are delighted to welcome them as investors.

”Their support, expertise and network will help us continue to invest in our people, strengthen our proposition and enhance the service, resources and market access available to our clients. We are excited about what we can achieve together in the years ahead.”

Next stage

MBP said the investment marks the beginning of a strategic partnership designed to support Eggar’s continued growth while preserving the company’s independence, values and leadership structure.

James McCaffrey, chief executive at MBP, added: ”Cullum and I are delighted to have the opportunity to invest in Eggar, a family run business with values and culture that very much align with our own.

“This is our sixth investment in the last 10 months and we look forward to helping Hodgson and his team at Eggar progress to the next stage of their exciting growth journey.”