Intermediary’s chief executive and chief operating officer will remain with the business
GRP has acquired specialist insurance provider 3XD Limited.
3XD is based in the Ribble Valley, Lancashire, and distributes through channels including independent financial advisers.
The firm’s chief executive David Fulluck, chief operating officer Graham Kelsall, and the rest of the 19 staff will stay with the business under the ownership of GRP.
Clive Nathan, GRP’s chief executive of underwriting, said he welcomed the acquisition.
“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,” Nathan said.
“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.”
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