CCV pushes towards £300m GWP as ex-broker boss sets up new firm
CCV has snapped up Darlington-based BIB Group, Insurance Times reveals in this week's issue.
It has also emerged that former broker owner Trevor Cox who sold his brokerage to CCV two years ago has left to start up a new firm.
BIB consists of broking arm BIB Darlington, which controls £10m gross written premium, and BIB Underwriters, a specialist underwriting business controlling £20m GWP.
CCV chief executive Michael Rea said these latest acquisitions would take CCV’s GWP to around £300m by the end of 2010.