Cobbs Allen in Alabama Adds JLT’s Payne to New Specialty Platform Team

Birmingham, Ala.-based Cobbs Allen is continuing its 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 products 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 a U.S. broker. He also previously served as the leader of Aon’s U.S. risk sales platform.

According to Bruce Denson, president of Cobbs Allen, Payne will focus on building out Cobbs Allen’s specialty products for clients and prospects on a national basis. He has experience in M&A, special situations, director & officer liability, and financial institutions.

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. The new company will be private and majority-controlled by employees.

The company plans to detail additional hiring’s and details about the new platform in the coming weeks.

Cobbs Allen is an independent, national agency focused on enterprise risk management in niche practice groups. Founded in 1887 and headquartered in Birmingham, AL, Cobbs Allen has offices in Columbus, Houston, New Orleans, New York City, Kansas City, Mobile and Tulsa. The firm is still owned and led by its employees.