LONDON--(BUSINESS WIRE)--CCP TopCo, the holding company of international insurance and reinsurance broker RFIB, has announced it is renaming the business to the Risk Transfer Group (RTG).
Currently, revenues at RTG are approaching £50 million, and the Company is launching a new strategy to grow revenue to £100 million by 2021.
RTG intends to achieve this through RFIB Group Ltd becoming the leading independent wholesale broker in its specialty fields. In addition it will utilise its Limehouse Agencies holding company to both acquire and set up MGA’s and Captives. RTG is planning to announce a new acquisition in the next quarter and will create a UK captive management business later in 2018 to support its growth plans.
Chief Executive Officer, Steven Beard said: “We are delighted to announce the launch of the Risk Transfer Group and our plans to double revenues to £100 million by 2021. RFIB is currently outgrowing the market organically and RTG will allow us to complement our healthy growth in the broking sector through the addition of MGAs and a captive business.
“In the MGA space, we see opportunities to serve both insureds and carriers through a combination of acquiring MGA businesses, and investing in talented entrepreneurial teams. Furthermore, we also see opportunities to use new technology to allow clients, particularly in the captive market, to self-insure with better terms. Our combination of independent broker, MGA and captive insurance solutions provides a range of distinct services to allow us to achieve the desired growth in the coming years.”
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Issued by rein4ce on behalf of CCP TopCo Limited
About CCP Topco
CCP TopCo is the holding company of RFIB Group Ltd and Limehouse Agencies. It was set up in May 2015 and is based in Jersey.
About RFIB Group Ltd
RFIB Group is an established Lloyd’s broker handling all classes of insurance and reinsurance together with risk advisory and related services. Headquartered in London and with an international network of offices, we work with clients of all sizes across all geographies to deliver integrated and tailored risk solutions that meet their business objectives. We seek to develop long-term relationships anchored in knowhow and a high quality service. Calera Capital, a private investment firm with offices in Boston and San Francisco, acquired a majority stake in RFIB Holdings Limited in 2015.