20 January 2023Analysis

RISCS and CWC to merge

Oliver Schofield, managing partner of RISCS and Malcolm Cutts-Watson, founder of CWC, are to merge their two businesses into one new entity, RISCS CWC, on a date yet to be announced.

According to the companies Cutts-Watson was looking to ensure a long-term and sustainable future for CWC and approaching RISCS was the obvious choice. Together, the complimentary skills and offerings of both firms, deeper bench strength and the increased global footprint to 6 regional hubs will bring added value to their current and future clients.

Schofield will be the chief executive of RISCS CWC while Malcolm will assume the role of non- executive chairman. With a doubling of capabilities, the combined RISCS and CWC team is looking forward to working closely together in the future and leveraging their accumulated knowledge.

“We are delighted to be joining forces at such an exciting time for the industry,” said Schofield. “The ambitions of RISCS CWC have no limits. We are driven by serving our clients and we continue to have the desire to build a leading global captive and ART consultancy by being the place for people with an independent mindset to work. This combination enables us to collectively broaden our offering, increase our footprint and grow our team. We will continue to be domicile, underwriter, captive manager and broker agnostic ensuring that we remain truly independent in our approach, our thoughts and the delivery of our solutions.”

Cutts-Watson added: “I have known and respected Oliver and his team for some time now. Feedback from the industry strongly evidences the value of objective advice, free of any conflicts. Bringing our two businesses together ensures clients have a viable choice of independent risk financing advisers. I and the team of consultants at CWC are excited about the start of the next chapter of growth.”