Cullum-backed broker equity release venture launch imminent

peter cullum april08

Minority Venture Partners to be headed up by former Towergate Underwriting man James McCaffrey.

Towergate's non-executive deputy chairman Peter Cullum is backing a new broker equity release venture poised to be launched in the coming weeks, Insurance Age can reveal.

Cullum - who is also a co-investor in recently established Global Risk Partners - has set up Minority Venture Partners (MVP).

Insurance Age understands that MVP will be headed up by former Towergate Underwriting sales and marketing director James McCaffrey, whose departure from the consolidator after a ten-year stint was also

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