CPP Group plc

09/12/2019 | Press release | Distributed by Public on 09/12/2019 03:01

CPP Group Plc’s UK operation acquires insurance broker, Business & Domestic

B&D is one of the biggest providers of added value insurance products in the UK with its products sold exclusively through the insurance broker channel, and designed to enhance commercial, domestic and small business insurance ranges.

Its acquisition will significantly enhance CPP's existing range of assistance and insurance propositions, including current Key Insurance and consumer assistance products. These will shortly be further enhanced with the launch a new range of cyber risk mitigation and insurance products into the insurance broker market. It then plans to roll elements of the new range out across its global network.

Michael Whitfield, Managing Director of CPP Group UK, commented:

'This is an exciting time for CPP Group UK, as we begin to broaden and diversify our product offering and operational capabilities. The acquisition of B&D signals our entrance into the UK broker market in a very substantial way. We will rapidly expand our presence in the coming months, with more products and services in the pipeline.

'B&D is a market leader in the ancillary product field, with an array of long-standing business partner relationships and a great range of innovative products. We are very much looking forward to building the business further by combining CPP UK's technology capabilities with the existing expertise within B&D.'