Reinsurance News

Cobbs Allen expands insurance brokerage team with David Payne hire

7th August 2019 - Author: Luke Gallin

David Payne has joined Cobbs Allen from JLT US as the firm continues to expand its insurance brokerage team.

Cobbs AllenHe is set to join the company’s leadership team that is building a national specialty platform dedicated to providing complex risk solutions for corporate and private equity clients.

Most recently, Payne served as Chief Revenue Officer at JLT US, where he was tasked with leading client and prospect initiatives for an expanding U.S. market brokerage. Previously, Payne was the leader of Aon’s U.S. risk sales platform, and he brings extensive experience in the U.S. brokerage sector to Cobbs Allen.

Paul Sparks, a recently appointed member of the company’s leadership team, commented: “David’s appointment to this position is incredibly exciting. David is an industry leader and has a proven background in building businesses, attracting talent, and delivering solutions for his clients. Due to his leadership, expertise, and ability to effectively solve client problems, I know David will be a true asset to the company and our clients.”

Payne added: “A new and innovative platform unconstrained by bureaucracy is best positioned to deliver solutions that serve our clients’ best interest. I look forward to bringing our talent and innovation to the market and remain committed to finding ways to make a positive impact for our clients.”

Cobbs Allen states that the new venture will combine structured solutions capabilities with insurance brokerage services, designed to provide clients with more alternatives, leveraging risk-taking capacity from both the insurance and private capital markets.

The new company will be private and majority-controlled by employees. The firm says to expect further announcements regarding both new appointments and details about the actual platform in the coming weeks.

Bruce Denson, President of Cobbs Allen, added: “David will focus on building out our specialty solutions for clients and prospects on a national basis. His skills in M&A, Special Situations, Director & Officer Liability, and Financial Institutions, demonstrate our commitment to lead from the front. We are excited to be the broker of choice for the best talent in the industry.”

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