C&C Insurance Group confirm acquisition of RiskAlliance Direct Limited
C&C Insurance Group have confirmed the acquisition of RiskAlliance Direct Limited from Accelerant Insurance for an undisclosed amount.
C & C GB Holdings, a part of C&C Insurance Group, has secured an investment from Yarab Capital to assist this purchase. The acquisition is in partnership with Wallenberg and Schindler Limited.
RiskAlliance Direct was established over a decade ago to provide small and medium-size businesses with an insurance package created to meet all their specific business insurance needs.
They offer a variety of insurance packages to a variety of retail businesses including but not limited to restaurants, takeaway shops, hotels, as well as pubs and bars.
Each of their packages come with core protection and optional extensions to cover more scenarios. They have over 25,000 current policyholders.
RiskAlliance Direct’s diverse customer support team speaks to its clients in their first language, so they can fully grasp and understand the requirements of their situation. Languages include Cantonese, Mandarin, Urdu, Hindi, Gujarati, and Spanish.
Since taking over C&C Insurance Group in 2018, owner Niraz Buhari has put in place a strong vision for the future. The group has expanded globally in the highly regulated financial services and insurance sector with employees in its UK, US, UAE, India, Guernsey and Bermuda operations. The company is diversifying into different insurance sectors whilst ensuring continuing great service to their existing clients.
With the acquisition of RiskAlliance Direct Limited, C&C Insurance Group is broadening its coverage from sectors offering both personal lines insurance and commercial insurance products. C&C Insurance Group already has a strong consumer presence with its Smart Cover and Inzurly brands.