Bruce takes on newly created role, after a rapid stint of acquisitions
Global Risk Partners (GRP) has announced that Mike Bruce has been promoted to the newly created role of group managing director.
Previously chief executive of broking, Bruce’s three year stint saw a fruitful period where the group made 29 acquisitions, including regional hubs County Group, Higos, Alan and Thomas, Green Insurance and ABL Group.
David Margrett, group chief executive said: “Appointing Mike as Group MD is the right step forward at this exciting phase of GRP’s development. He has been instrumental in the success of our Broking Division, not only in working with the wider senior team to deliver on our strong acquisition pipeline, but also to successfully integrate acquired businesses into the Group infrastructure, and create an environment in which they can thrive and grow within GRP.”
Bruce commented: “GRP is a unique business with entrepreneurship programed into its DNA. I am proud to have the opportunity to step up to this new role and lead a high calibre team, many of whom have built their own successful businesses.
“We have a clear strategy and I look forward to ensuring that we continue to execute on this, enhancing the value we deliver for our customers and insurer partners, and ensuring that GRP is a great place to work for our staff”
Peter Cullum, executive chairman said: “The Group has progressed from start up to one of the top three independent brokers in the UK in a very short period. The time is now right for us to restructure our senior management team to maintain that momentum.
”I would like to congratulate Mike on his appointment as Group MD. His energy and expertise has been key to the success of our Broking Division, and I have no doubt that he will be equally successful in this broader role within the Group.”
Bruce recently spoke to Insurance Times about his plans for the broking group, stating the reaction to the Aviva fallout was “positive”.