Minority Venture Partners (MVP) was set up in January 2014 by a team of insurance industry experts who have over 35 years experience of successful insurance investment. MVP provides funding for UK insurance brokers who wish to release some of the capital from their business but stay in control.
The MVP team saw there was a gap in the market for insurance brokers looking for additional funds to help achieve their plans but who did not want to sell their entire business – or lose control of their own destiny.
What we have done for other brokers, we can do for you.
MVP helps successful insurance brokers achieve their ambitions.
You and your colleagues may want to:
• Grow the business, perhaps through local acquisitions
• Buy out existing shareholders
• Release money from the business for retirement planning or other personal use.
We can provide funding by enabling you to release some of the capital in your business.
You can release money from the business today and with our help, recreate the same level of earnings within 3 years.
The MVP team
Peter is the majority shareholder of MVP. He began his insurance career in 1969, working for Royal Insurance Group, Commercial Union and ITT London & Edinburgh, before joining Economic Insurance in 1991 to return the company to profitability. He led the management buyout of Economic which was sold to Hiscox in 1996.
In 1997, Peter created Towergate. It was an innovative new model for the insurance industry and has grown to become one of Europe’s largest independently owned insurance intermediaries, controlling premium in excess of £3billion.
In 2006 he created Capital Cullum Ventures (CCV), an independently owned group of insurance intermediaries which has grown significantly through acquisition of quality regional brokers and is now part of Towergate.
Peter also set up the Towergate Charitable Foundation in 2005 which has since raised more than £7m for charitable causes.
In 2005, Peter won the Ernst & Young Entrepreneur of the Year award and in 2009, established the Peter Cullum Centre for Entrepreneurship with Cass Business School, as a focal point for budding and established entrepreneurs. The Centre helps develop the skills and connections needed to make great business ideas succeed.
Peter has pledged £10m risk capital to the Cass Entrepreneurship Fund, which acts as an investment fund for the best start up and early stage businesses.
In December 2010, Peter was awarded the CBE for his contribution to business, entrepreneurship and charitable causes. He is Vice President of The National Autistic Society and is currently funding the building of four specialist school units for children on the Autism spectrum in Surrey.
Peter co-founded Global Risk Partners Limited (GRP) in October 2013 and remains the largest individual shareholder alongside Private Equity house, Penta Capital.more…
James has 30 years experience in the insurance industry, working with well known insurance providers and spent 3 years working in overseas insurance markets. He was previously Sales Director at Towergate Underwriting and prior to that worked at Australian Mutual Provident and Royal Insurance. James is a graduate of the Ashridge Leadership programme.more…
Kim has 20 years financial experience in the insurance industry, working in both general insurance broking and financial services. He was previously Divisional Finance Director at Towergate Retail and prior to that Finance Director at Duncan Pocock Insurance Brokers.
Broker Investment Director
Alan Johnson has been working closely with regional insurance brokers for the past 10 years and is a well known face in the East of England. Alan was previously Sales Director, North Region at Towergate Underwriting and has 20 years insurance broking experience.
Non – Executive Director
Paul has 37 years experience in the insurance industry. He was one of the co- founders of Towergate in 1997 and became Group Marketing Director. Paul was also part of the MBO team that bought Economic Insurance and sold it to Hiscox in 1996. Prior to that, Paul was at ITT London & Edinburgh, where he first met Peter Cullum.
Paul is Chairman of two other insurance ventures and has lectured on Risk Management and Climate Change for businesses across the UK.
With a strong interest in the Military, Paul is a Trustee of military charity, Veterans Aid, which looks after veterans in crisis. He is also a Trustee of Hospice UK.
In 2007, Paul co- wrote “Panic, Passion & Power”, a practical guide to entrepreneurial management which is utilised within both the private and public sector.more…