Peter Cullum sponsored , Minority Broker Partnerships (MBP) has acquired a minority stake in RAW Insurance Brokers Ltd, the Carlisle-based commercial insurance brokerage specialising in construction, agricultural and SME business insurance.

Founded and led by directors Stephen Ward and Ryan Roberts, RAW Insurance Brokers has built a strong reputation across Cumbria and the North of England for its personal service, technical expertise and strong insurer relationships. The business currently places approximately £5 million in Gross Written Premium and continues to grow across a range of commercial sectors including construction, engineering, leisure and agriculture.

The investment from MBP will support RAW’s next phase of growth, with a clear strategy to expand through targeted acquisitions and continued organic development over the coming years.

Stephen Ward, Director of RAW Insurance Brokers, said:

“We’re really pleased to welcome MBP as a minority investor in RAW. This is a positive step for us and comes at an exciting time in our journey. We’ve built RAW steadily over the years with a strong focus on service, relationships and doing things properly for our clients.

This new partnership allows us to accelerate our growth plans while remaining fully independent and continuing to run the business day to day. With MBP’s backing, experience and insurer relationships, we are in a stronger position to invest in the future, acquire other brokers and build RAW into a larger regional brokerage over the next 7–10 years.”

Ryan Roberts, Director of RAW Insurance Brokers, added:

“This partnership is about strengthening what we already have. Our team, our clients and the way we operate remain exactly the same. MBP’s support gives us additional resources and market access that will help us grow in a sustainable and considered way. We’re looking forward to the next stage of the RAW journey.”

James McCaffrey, CEO of Minority Broker Partnerships, comments:

“This is MBP’s fifth investment in the last five months and we are delighted to partner with Ryan and Stephen to help them grow RAW on the next step of their exciting journey. The partnership will see us take a minority shareholding in the business, while the existing leadership team retains control of the company and continues to lead its day-to-day operations. Clients will continue to receive the same high level of service and personal support that RAW is known for.

MBP will complete its 6th investment in a few weeks’ time and is on target to complete 10 investments by the end of 2026.”