Insurance
2026
Advisor to
On its sale to
Exclusive adviser to Direct Commercial Limited, CBPE and its shareholders on DCL's sale to Tokio Marine HCC International
Direct Commercial Limited ("DCL") has completed its sale to Tokio Marine HCC International, part of Tokio Marine HCC ("TMHCC").
Founded in 2002, DCL is the UK’s leading specialist commercial motor MGA. CBPE Capital joined as an investor in 2021.
DCL is one of the UK’s fastest-growing commercial MGAs, insuring one in nine commercial trucks on UK roads and writing over £200 million in gross written premium.
As one of the global leaders in specialty insurers, TMHCC’s acquisition of DCL underlines the group's commitment to growth and diversification, with deep sector expertise.
On the transaction, DCL CEO Phil Cunningham said: “TMHCCI is the ideal partner to support the next stage of our development, and this transaction represents an exciting opportunity for our people, brokers and clients.”
Continuum acted as sole and exclusive financial adviser to DCL, CBPE and its shareholders, drawing on its specialist insurance expertise and longstanding record advising MGA businesses.
Link to press release: CBPE realises its investment in DCL Group
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Continuum Advisory Partners Limited ("Continuum") is incorporated and registered in England and Wales with registered no. 14189636. Continuum is an appointed representative (Firm Reference Number 979923) of Kroll Securities Ltd., which is authorised and regulated by the Financial Conduct Authority.