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Cobbs Allen and Teneo Capital Form Strategic Insurance Partnership

New Partnership Announced

Teneo Holdings, the global CEO advisory firm, today announced that its investment banking division Teneo Capital has entered a strategic partnership with Cobbs Allen, a risk management firm providing structured solutions, commercial insurance, employee benefits, and alternative risk financing services.


The new partnership will provide structured insurance products designed to address a spectrum of the financial, strategic, and operational challenges facing companies and organizations around the world. It will leverage Teneo Capital’s deep strategic advisory and capital markets expertise with Cobb Allen’s over one hundred years of insurance broking knowledge in specialized markets.


“We are pleased to form a strategic partnership with Cobbs Allen. The financial markets are continuing to evolve and the importance of structured solutions insurance as a strategic tool has been dramatically increasing. By combining our firms’ well-established industry expertise and deep institutional relationships, we are best positioned to serve our corporate clients by offering a tailored suite of value-added structured insurance products,” said Jack Leventhal, Senior Managing Director of Teneo Capital.


Bruce Denson, President of Cobbs Allen, further commented, “As Cobbs Allen continues to grow its presence in the structured solutions insurance market, we look forward to focusing our efforts and dramatically expanding the scale and scope of our client access and product capabilities. Our new partnership will provide market-leading advice and innovation in the way insurance is used to solve complex problems.”


The partnership will be strengthened by the addition of Ranjini Pillay, an insurance expert with more than 30 years of experience, who has joined Teneo Capital as a Senior Managing Director to lead the effort. Prior to Teneo, Ms. Pillay worked with AIG across their New York, London, and Paris locations in a variety of divisions and functions. She was most recently the Head of Alternative Risk and the Chief Underwriting Officer for the Multinational and Alternative Risk group, a division that included five businesses: Global Fronting, Alternative Solutions, Captive Management Services, a Breakthrough Innovation practice, and AIG’s Multinational capabilities.


“I am delighted to be leading this exciting new venture. Teneo and Cobbs Allen are in a unique position in the market: no current advisors to CEOs and companies provide an integrated and holistic approach with the ability to provide strategic, capital markets, and insurance expertise to solve a company’s problems along with the ability to execute the transaction. It will be a pleasure to leverage my experience executing these transactions in working with our clients to solve their strategic and financial problems,” Ms. Pillay said.


As part of the launch of the new partnership, Michelle Lam will also be joining the venture as a Senior Advisor. She was most recently with Nomura Securities where she was an Executive Director in their
Financial Institutions Group. She has more than 10 years of investment banking experience, focused primarily on the insurance industry.


Other members of Teneo Capital and Cobbs Allen will play a key role in the new venture which will be based out of Teneo’s New York City office.


ABOUT TENEO CAPITAL:
Teneo Capital is a New York based independent investment bank providing strategic and financial advice on mergers, acquisitions, divestitures, capital raising, financial restructuring, valuation, and capital markets transactions. Its clients include public and private corporations, financial sponsors and portfolio companies, family controlled businesses, and family offices. Teneo Capital’s principals average over 20 years of experience and have advised on $525 billion in transactions involving companies in over 30 countries in their careers to date. Teneo Capital LLC is a subsidiary of Teneo. All securities transactions are performed through and under the supervision of Teneo Securities LLC, member FINRA and SIPC.


ABOUT TENEO:
Teneo is a global advisory firm that works exclusively with the CEOs and leaders of the world’s largest and most complex companies providing strategic counsel across their full panoply of key objectives and issues. Comprised of the most senior talent, we work collaboratively to solve the most complex issues. Our teams integrate the disciplines of strategic communications, investment banking, management consulting, business intelligence, talent development, digital analytics, corporate governance, government affairs and corporate restructuring to solve for the most complex business and reputational challenges and opportunities. The Firm was founded in June 2011 by Declan Kelly, Doug Band and Paul Keary and now has more than 570 employees located in 14 offices around the world. For more information on Teneo, please see www.teneoholdings.com.