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CBG's Stephen Darcy believed to have left the business

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Executive director of insurance broking operations at CBG Group Stephen Darcy has left the company, Insurance Age understands.

His sudden departure could not be confirmed by a spokeswoman for CBG who said the board would not comment "for legal reasons". Mr Darcy was unavailable for comment.

Mr Darcy also held the position of managing director of CBG Insurance Brokers.

Before joining the board in 2006, Mr Darcy was the MD of the Swinburne James companies which he established in 1994 and sold to CBG.

In March this year the chairman Laurie Turnbull stepped down after CBG Group saw revenue drop to £8.96m (2008: £11.15m)

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