Cobbs Allen Announces Continued Expansion with Hiring of David Payne

Cobbs Allen announces the continued expansion of its insurance brokerage team with the addition of David Payne. Payne will join the leadership team that is building a national specialty platform focused on providing complex risk solutions for corporate and private equity clients.

Payne most recently served as Chief Revenue Officer at JLT US, where he led client and prospect initiatives for one of the fastest-growing brokers in the U.S. market. He has a long track record of leading growth strategies in the U.S. brokerage sector including previously serving as the leader of Aon’s U.S. risk sales platform.

“David’s appointment to this position is incredibly exciting,” said Paul Sparks, who also recently joined Cobbs Allen’s leadership team. “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.”

“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,” added Payne.

“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,” said Bruce Denson, President of Cobbs Allen. “We are excited to be the broker of choice for the best talent in the industry.”

The new venture will combine structured solutions capabilities with insurance brokerage services to offer clients more alternatives utilizing risk-taking capacity from both the insurance and private capital markets. Given the current risk environment and evolving insurance market landscape, it is the optimal time for a sophisticated, value-added new entrant. The new company will be private and majority-controlled by employees, attracting the best talent in the industry while avoiding the short-term pressures associated with being controlled by outside investors.

Expect more announcements in the coming weeks regarding the hiring of additional key leaders and further details about the platform. For information about current job opportunities, please visit careers.

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For Media: Angela Wolfe, Communications Director | 205-874-1281 | awolfe@cobbsallen.com Payne and Denson available for interviews upon request.