7 March 2023Analysis

RISCS and CWC complete merger

Risk and Insurance Strategy Consultants (RISCS) and Cutts-Watson Consulting (CWC) have completed their merger, the companies’ principals, Oliver Schofield and Malcolm Cutts-Watson, announced yesterday.

The merger, announced in January, will see Schofield become CEO of the joint business, with Cutts-Watson assuming the role of non-executive chairman.

Founded by Schofield in 2012, RISCS is an independent consultancy providing a range of captive and alternative risk transfer (ART) solutions. CWC was established by Cutts-Watson in 2015 working in similar spaces.

“I’m delighted to advise the merger went smoothly and the combined resources of RISCS CWC are now available to all our clients,” said Cutts-Watson, announcing the completion of the merger.

Schofield added: “This merger is a significant step towards our vision to be the number one independent global captive and ART consultant. Already our expanded team of consultants are working together on a range of exciting engagements. We see this merger as a springboard to further growth across the globe.”