Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Global Risk Partners

Global Risk Partners

Vintage: October 2013

Sector: Financial Services

Location: London

Type: Buy and Build

Souter Role: Co-investor, Minority Stake

Souter Director: No

Status: Current

Global Risk Partners (‘GRP’) is a specialist investment vehicle that is focused on consolidating businesses in the insurance broking and underwriting sectors – this includes:

  • Lloyd’s of London based intermediaries which operate in the global specialty insurance and reinsurance markets;
  • UK based retail intermediaries operating in the personal, SME and middle markets, including schemes and affinity; and Managing General Agents/Underwriters providing specialist solutions.
  • GRP’s target businesses are brokers, managing general agents, and teams which have niche, non-commoditised, specialty businesses.

The business is led by David Margrett, the former CEO and Chairman of Willis Limited, and Stephen Ross, a former partner at Deloitte LLP – both with significant experience of executing M&A in the insurance sector. Peter Cullum, the co-founder of the Towergate Partnership, is Executive Chairman of the group and a significant co-investor.

Souter Investments is part of a syndicate, led by Penta Capital, that backed the GRP strategy in 2013. Souter realised a partial in exit in 2020, followed by a full exit of its holding in 2022.