Sarah Giles appointed Managing Director of GRP’s Birmingham hub broker Newstead

Sarah-Giles,-Managing-Director,-Newstead-Insurance-Brokers

Sarah Giles has been appointed Managing Director of GRP’s Birmingham based hub broker Newstead Insurance Brokers as part of a leadership restructure following acquisitions and strong organic growth 

In November 2020 GRP acquired Newstead Insurance Brokers with an intent to build out its footprint in the Midlands through a mix of organic and inorganic growth. The business has since acquired Alford Burton, Arthur Marsh and, in July 2022 announced a deal to acquire Crendon.

Newstead GWP has grown to £18m and as a result, Sarah Giles has been appointed Managing Director of the Newstead Group of companies. She succeeds Paul O’Donnell who will continue as a director and remains an integral part of the Newstead leadership team. Julian Simon has been appointed Commercial Director with specific responsibilities for some of Newstead’s largest clients.

Neil Thornton, GRP MD Retail, North & Ireland said: “Newstead has been a highly successful hub broker for us, delivering both impressive sales numbers and strong retention, while at the same time successfully integrating its acquisitions. The scale and trajectory of the business means the time is right to restructure the leadership team to create the best platform for future growth.”

Sarah Giles said: “This is a really exciting time for Newstead. We are bringing together some great local businesses to create a fantastic new team, and there is a massive opportunity for us to build on our growth trajectory to become one of the dominant brokers in the Birmingham and West Midlands market.” 

“We remain hungry for acquisitions where they make strategic sense for the business and we are also keen to talk to talented individuals who want to pursue their careers at a high growth, acquisitive and dynamic broker with ambitious future plans.”

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