CBPE Capital (CBPE) has completed its investment in Direct Commercial Limited (DCL) and Carraig insurance Company Limited (Carraig) (together Direct Commercial Group, DCG) alongside Phil Cunningham (founder and CEO) and Management.
DCL is a commercial motor insurance specialist. As a full-service MGA (Managing General Underwriter/Agent), DCL provides underwriting services, offers policy administration and in-house claims handling.
The group also includes Carraig, an insurance carrier based in Gibraltar, which provides insurance capacity to DCL alongside Munich Re Group.
Phil Cunningham remains majority shareholder and fully committed to the business during the next phase of growth.
The investment in DCG continues CBPE’s successful track record of investing to support the growth and development of leading businesses in the financial services sector. Previous investments include Xafinity (UK corporate pensions consultancy) and JTC (global adminstartion services provider), both of which successfully listed on the London Stock Exchange, in addition to Compre Group (a global run-off insurance consolidator). CBPE’s current portfolio includes Perspective Financial Group (financial planning and wealth advisory services).
