Specialist Risk Group acquires CBC Partnership in its largest deal to date

LONDON – Thursday 7 December – Specialist Risk Group (SRG) has agreed to acquire London-based insurance intermediary, CBC Partnership (CBC), subject to all necessary regulatory approvals. With their shared passion for building people and culture-focussed businesses, SRG and CBC are two of the fastest growing independent insurance intermediaries in the UK.

CBC becomes SRG’s 19th acquisition, and their 6th in 2023. Under the deal, the CBC team of 100 dedicated individuals will continue to be led by CBC Chairman Andrew Wallas and CEO Robert Cottingham from its City of London headquarters. CBC will retain their brand as part of the acquisition.

CBC’s expertise in Professional Lines will neatly complement SRG’s existing capabilities in this space, enhancing its extensive portfolio of specialist businesses in the UK, Ireland, and internationally.

Warren Downey, SRG Group CEO, said:

“We are thrilled to welcome CBC to join us in the next chapter of the SRG story. CBC is a fantastic business, and its culture and specialisms perfectly align with us at SRG. We are excited to work with Chairman Andrew Wallas and CEO Rob Cottingham and we warmly welcome our new colleagues from CBC and look forward to working together on what will be an exciting future for our business.”

Lee Anderson, SRG Group Deputy CEO said:

“When we first started speaking to CBC, we quickly realised during our conversations that together we had the potential to create something very special.

We have long admired CBC, largely due to their commitment to valuing their team. This is a quality we share with CBC, and something that we have spoken about together over the last year. CBC are innovators, growing their business through well considered organic growth, and embracing specialism.

We feel confident that together we have the potential to do brilliant things and we are honoured that Andrew Wallas, Rob Cottingham and the rest of the CBC team have trusted SRG as the new home for their business.”

Andrew Wallas, CBC Partnership Chairman, said:

“We are incredibly proud of the business we have built at CBC Partnership. We have valued accountability in all our interactions with each other, our clients and our partners and this has been proven to foster exponential growth. Under the leadership of Rob Cottingham, we have created a culture focused business which has proved financially successful and personally fulfilling.

It was incredibly important that we chose a future home for CBC with care, to find a partner aligned with our values. When we first started speaking to SRG we weren’t considering selling CBC, however, we quickly realised the synergy between the two businesses. We admire the growth that SRG has achieved since its launch, whilst remaining committed to its people.

We are looking forward to this next stage for CBC, and with the support of SRG, our team will continue to access outstanding opportunities from which our clients and partners will also benefit.”

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Specialist Risk Group acquires CBC Partnership in its largest deal to date

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