Acquisition by listed firm launches it into UK insurance broker market

Jason Walsh

Leeds-based CPP Group, the global product and services company, has acquired the UK insurance broker Business & Domestic Insurance Services (B&D).

The acquisition is a major move for the listed business CPP, as it launches into the UK insurance broker market.

B&D is one of the largest providers of added value insurance products in Britain. Its products are sold exclusively through the insurance broker channel, and are designed to enhance commercial, domestic, and small business insurance ranges.

The deal will ultimately see CPP take on the administration of over 160,000 policies, written across a portfolio of niche products; including excess protection, total loss protection, legal expenses, and brown and white goods warranty.

The acquisition forms a key part of CPP’s UK growth plans and will considerably broaden the company’s range of partnerships, enabling it to add value to insurers, brokers, and end customers.

CPP has acquired the B&D business from Motorway Direct, one of the UK’s largest suppliers of insurance products to the automotive industry. B&D’s two co-founders Chris U’Dell and Linda U’Dell will be joining CPP as part of the acquisition.

Jason Walsh, CEO of CPP, said: “I am delighted to announce this acquisition which confirms our strategic focus on rebuilding our presence in the UK market.

“B&D is a market leader in the ancillary product field, with an array of long-standing partner relationships and a great range of innovative products.

“We look forward to building the business further by combining CPP’s technology capabilities with Chris and Linda’s proven product expertise.”

Michael Whitfield, Managing Director of CPP Group UK, said: “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.”

Close