Deals: C&C Buys RiskAlliance From Accelerant

Some news in from C&C;

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.

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.

A view to the future, with industry expertise now

Always looking to the future, City & Commercial is currently developing a number of insurtech products to lead the insurance sector into the 21st Century. The insurance industry is something that can be revolutionised with further implementation of technology over the coming years. Efficiency and effectiveness can be further increased to offer customers fast and suitable solutions.

City & Commercial group partnered with Bournemouth University, developing AI for underwriting and claims handling. AI will assist in speeding up claims processing and offering payouts to customers. It’s the future of claims handling and yet is something not adopted by over half of the industry.

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.

More acquisitions to come?

City & Commercial owner Niraz Buhari has not commented on the future of the company, however with a number of acquisitions over recent years, it’s clear that the company’s growth plan indicates that there are more to come in the near future. Their partnership with Bournemouth University only highlights their intentions of becoming a market leader in efficiency and innovation.

About alastair walker 6862 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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