CBC announces key leadership changes to support next phase of growth
CBC, a Specialist Risk Group company, is pleased to announce updates to its leadership structure that will position Earl Adams as the Managing Director of CBC UK Limited with Rob Cottingham transitioning to the role of Deputy Chairman whilst remaining an active Director for CBC UK Limited and Paladin Holdings Limited.
Rob’s impactful eight-year tenure as CEO has been transformational for CBC, and his leadership will continue to guide CBC’s direction in this new capacity supporting Earl on the next stage in CBC’s development. Additional leadership promotions reflect CBC’s dedication to nurturing internal talent and reinforcing key segments of the business. Fred Weld will assume responsibility for the daily operations of CBC Corporate Risks as Corporate Risks Director, supported by Matt Clay as Wholesale Director and Jack Westlake as Retail Director within Corporate Risks, reflecting the robust growth in both retail and wholesale operations.
Lee Anderson, SRG’s Deputy Group CEO said “CBC’s growth has been tremendous and that is testament to the depth and breadth of its leadership team. These promotions provide a further platform for the continued growth of this strategically important business and we are excited for Earl as he moves into this enhanced role within SRG”
CBC UK WHOLESALE
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
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!
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!
Sir Hugo Swire Appointed to the Board of Directors
CBC UK Limited, is delighted to announce the appointment of the Rt Hon Sir Hugo Swire, KCMG, as a Non-Executive Director with effect from January 1st 2022.
Sir Hugo has served as Minister of State for the Foreign and Commonwealth Office and Minister of State for Northern Ireland, in addition to serving as the Member of Parliament for East Devon for eighteen years. Whilst in Opposition he served in a number of roles including Shadow Secretary of State for Culture Media, Sport and the Olympics. Appointed a Privy Counsellor (PC) in 2011 he was subsequently awarded a Knighthood (KCMG) for political and public service in 2016.
Sir Hugo is currently deputy Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), Chairman of Imprimatur Capital, Independent Non-Executive Director of ESR Cayman Ltd, the major real estate logistics platform listed on the Hong Kong Exchange, and Chairman of the International Advisory Board of Brennan & Partners.
Over the years he has supported a number of different charities, raising millions of pounds as part of his philanthropic endeavours. He still plays a role in several charities, including The Seahorse Trust, the RNLI and The Attingham Trust. He is a former Chairman of the Conservative Middle East Council.
Prior to entering politics, Hugo was a Director of Sotheby’s UK and Head of Development at the National Gallery, where his responsibilities included establishing the private funding arm for Lord Rothschild and the Trustees.
Sir Hugo Swire commented: “I am very pleased to be joining the board of a fast-growing UK company at the heart of the Lloyd’s of London community. I look forward to contributing to further growth, especially in the areas of the Far East and Latin America, where I feel my experience lends benefit.”
Andrew Wallas, Chairman of CBC, said: “Attracting someone of the calibre and credibility of Sir Hugo Swire shows how far we have come since the management buyout in February 2017. We look forward to welcoming Sir Hugo to our ambitious, dynamic team.”
CBC welcomes new Global Risks team
CBC are pleased to welcome a new team to the Company this Autumn to focus on Global Risks, including Crime (BBB and Commercial Crime), Professional Indemnity, Directors and Officers Liability, Cyber Liability and Medical Malpractice.
Consisting of Chief Executive, Mark Winston, Directors, Adam Woolgar, Peter Mileham, Tom Monk and Jon Saint-Warrens, and Brokers, Georgia Graddon and Dennis Cross, the team have been together for over 30 years and are highly effective and well-known throughout the industry.
They started developing business in the Caribbean with local insurance brokers in Bermuda, the Cayman Islands and the Bahamas and this subsequently expanded to include island and offshore regions, largely in Europe. In more recent years, they have developed relationships in Canada, Hong Kong and Singapore.
Commented Rob Cottingham, CBC’s Chief Executive Officer, “This highly experienced team are a great fit for CBC, both culturally and on a business level and their arrival will enhance the company’s overall capabilities and product offering. We are delighted to welcome them into the fold”
To get in touch with one of the Global Risks’ team, please email: globalrisks@cbcinsurance.co.uk or telephone: +44 (0)20 7265 5600
Luke aims high to raise money for charity
Free-fall abseiling 114 metres to the ground isn’t for everyone, especially those who are afraid of heights. But despite his reservations, that’s exactly what CBC Account Executive, Luke Mullett did when he jumped off the UK’s tallest sculpture – the ArcelorMittal Orbit tower in London’s Olympic Park – to raise money for CBC’s community partner, Richard House Hospice.
Early in September, Luke arrived at the Olympic Park with his wife and family to face his fear. After a safety induction and checks, there was no backing out and it was time to go.
Recalled Luke, “As I stepped off the platform a gust of wind spun me around and my nerves took over for the first few metres as I tried to control the speed of my drop. But once I had control, I could hear my children cheering me on and I managed to look around and enjoy the view during the four-minute descent.”
Back on the ground, Luke described, “Feeling such a huge buzz and a real sense of achievement.” And of top of all that, via a complete coincidence, he and his family met some medal winning Paralympians who were being filmed for a television programme and his wife ended up appearing on Channel 4 news that evening!
When asked if he would do it again, Luke responded, “Yes, I wouldn’t think twice. Not only has it helped me to overcome my fear, but with the support of friends and colleagues, we have raised £1,000 for Richard House Hospice. Given the difficulties of the last 18 months, it was fantastic to be able to contribute to the charity’s first public event since lockdown ended and to raise money for such a special cause.”
CBC to support Richard House Children’s Hospice
CBC is delighted to announce its support for the charity, Richard House, by becoming a Community Partner to London’s first children’s hospice providing palliative care to children with life-limiting and life-threatening conditions.
Commented Chairman, Andrew Wallas, “We were particularly keen to support a local charity and were inspired by the work that Richard House do to help children and their families going through the most difficult times. The team has already organised a number of fund-raising events during the Summer months including a Euro Football Sweepstake, a monthly lottery and a bingo night which has sparked some light-hearted competitiveness and camaraderie amongst staff.”
When current pandemic restrictions are lifted, the company is looking forward to getting together for a fund-raising quiz night. This, together with other planned activities, will bolster the Company’s intention to have fun, but also provide for additional therapy sessions and activities at Richard House to create lasting memories for children and their families.
More about Richard House https://www.richardhouse.org.uk/
