Acquisition vehicle pushes ahead with plan to reach £500m GWP
Cullum Capital Ventures (CCV) has appointed Bryan Park as its new finance director.
Park joins CCV from Dominion Gas, a private equity backed business.
His 17-year career spans both multinational businesses and SME organisations across sectors including publishing, energy and leisure.
Park replaces Roger Brown who left CCV in May 2010 to pursue new opportunities outside of the Towergate-owned company.
CCV chief executive Michael Rea said: “While Bryan might be new to the world of insurance and broking, he is a seasoned hand when it comes to commercial finance. His former roles have predominantly been within high growth businesses such as ours, and he brings valuable M&A experience to the table."
CCV, boosted by its acquisition of BIB Group in November, currently controls around £300m of gross annual gross written premium (GWP).
Rea continued: "CCV aims to be a top ten UK broker by the end of 2012 which will require us to write business somewhere in the region of £500m. That growth is going to be achieved both through further acquisitions as well as organically."
CCV completed 14 broker acquisitions in 2010.
Park added: "It’s an exciting time to be joining the group and I’m looking forward to rolling up my sleeves and getting on with the job in hand.”
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