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CBC UK Limited Announce Transaction with Specialist Risk Group

CBC (UK) Limited (CBC), the independent employee-owned Lloyd’s Insurance Broker is delighted to announce a transaction with Specialist Risk Group (SRG) which combines two of the fastest growing specialist insurance brokers in the UK.

CBC has been trading at the heart of the Lloyd’s of London insurance market for more than thirty-eight years.  In 2017, Andrew Wallas and Rob Cottingham initiated a management buy out supported by the bespoke private equity house, B P Marsh and Partners PLC.

Since that time, we have focused passionately on culture and values. We have attracted a large number of highly experienced, talented, dedicated practitioners of London Market Insurance.

We have fostered a unique spirit of accountability and collaboration from which our clients, capacity providers and all other stake holders have benefited.

Choosing a partner for the next chapter of CBC was critical and potentially hazardous.  However, following several meetings with the senior management team at SRG it quickly became clear that there was a special opportunity in bringing these two businesses together to create an outstanding platform of specialist lines of business.

Andrew Wallas, CBC Chairman said: “I have enjoyed the last six years at CBC more than any other time in my insurance career. The collaboration and partnership with Rob Cottingham and other senior team members has been inspiring and tremendous fun. With SRG and in particular, Warren Downey and Lee Anderson, we have found kindred spirits and a business with whom we feel aligned. It has been an easy and effortless process persuading our colleagues that this is the right transaction at the right time. I am personally thrilled at the potential that this alliance represents.”

Rob Cottingham, CBC CEO said: “I first worked with Andrew Wallas back in 1998 and when the opportunity arose to come together again, I leapt at the chance.  Since completing the MBO in 2017 we have successfully transformed CBC from a small, relatively unknown, UK centric business into a specialist, niche product provider with a global reach.  Finding a suitable partner for the next stage of our development was always going to be challenging because we have remained adamant that a potential buyer must be aligned with our culture as well as being a good fit for our people and our clients.  As we have come to know Warren, Lee and the other members of the management team, it has become increasingly clear that SRG is the perfect home for this next stage. I am very excited about what we can achieve together in the future.”

Putting our team to the test

Putting our team to the test

This Autumn, we hosted our second annual CBC Quiz to raise money for our community partner, Richard House Children’s Hospice.  Nine teams, with head scratching names, participated in 12 thought provoking rounds, answering questions on everything from Disney princesses to real life Queens.  Last year’s reigning champions from our Global Risks division were knocked off the top spot by a rival team captained by Corporate Risks Account Handler, Jemima Holt.

We are proud to have raised over £600 for Richard House from the event which will help the hospice to continue to deliver specialist care and support to families.


CBC Jump for Joy for Charity!

CBC Jump for Joy for Charity!

On 8th July 2022, Corporate Assistant, Millie Cousins, Accounts Assistant, Madeleine Squibb and Binder Technician, George Plumb, courageously took part in a tandem sky dive to raise money for CBC’s community partner, Richard House Children’s Hospice.

There was an understandable bubbling cocktail of nerves and excitement during the drive to Headcorn Aerodrome in Kent, but our community heroes managed to remain cool, calm and collected when it came to the crucial moment!

After the safety briefing and parachute suit fitting, realisation set in that the 12,000 ft ascent up into the sky was imminent.  As they got into the tightly packed plane, the instructor made the final adjustments.  The aeroplane doors lifted up causing a rush of adrenaline and it was time to jump!

According to Millie, “It was the best experience ever and I would encourage anybody to take part in a tandem skydive if they get the chance. I was lucky as my instructor let me steer the parachute which was great fun!”.

The weather was perfect for the occasion, offering breath taking views of the Kentish countryside during the 30 second free fall at a maximum speed of 120mph, followed by a five minute gentle float back down to terra firma.

Once they were safely back on the ground, Millie, Madeleine and George were reunited with their friends and family who had been there to support them.  “I’m so glad I did it” Madeleine exclaimed, “it was a feeling quite like no other!”

Thanks to their applaudable bravery and everyone’s generosity, the £1,770 raised in donations will help Richard House to continue to deliver specialist care for babies, children, young adults and their families when dealing with life-limiting health conditions.

CBC are proud to continue to support Richard House so please keep your eyes peeled for our next fundraising event!