Operating Company Financial Services

Specialist Risk Group

London, England, United Kingdom

Specialist Risk Group (SRG) creates solutions to challenging risk transfer questions for clients, broker partners and insurer partners in the UK and internationally. The group brings together specialist insurance intermediaries and supports them with global scale, claims capability, and international reach.

Focus Areas
Insurance Brokerage, Specialty Insurance, Insurance distribution

Tracked deals

8

8 tracked deals across 2019-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

6 addon · 2 buyout

Specialist Risk Group Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Specialist Risk Group. 2 2019 3 2020 2 2021 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Specialist Risk Group (SRG)
    Target
    BS&F, Concordia, Ecclesia BV, Finance & Insurance, IC Verzekeringen NV / CI Assurances SA, Sibbing, XOLV
    Seller
    Ecclesia
    Industry
    Insurance
    Location
    Netherlands and Belgium
    Type
    Addon

    Specialist Risk Group (SRG) has completed the acquisition of Ecclesia’s businesses in the Netherlands and Belgium, including BS&F, Concordia, Ecclesia BV, Finance & Insurance, IC Verzekeringen NV / CI Assurances SA, Sibbing and XOLV. Ecclesia has taken an investor position in SRG alongside Warburg Pincus and Temasek; the deal marks SRG's formal entry into mainland Europe and expands its specialist insurance broking footprint.

  • Buyer
    Specialist Risk Group
    Target
    The Channel Partnership
    Industry
    Insurance
    Location
    England, United Kingdom
    Type
    Addon

    Specialist Risk Group (SRG) has acquired trade credit specialist The Channel Partnership, expanding SRG's Specialist Risk Insurance Solutions (SRIS) retail capability. The Channel Partnership’s senior team will join SRIS in Bristol as SRG continues add-on activity following its recent majority investment from HGGC.

  • Buyer
    Specialist Risk Group, HGGC
    Target
    GB Underwriting
    Industry
    Insurance
    Location
    Essex, United Kingdom
    Type
    Addon

    Specialist Risk Group (SRG), backed by new majority investor HGGC, has acquired GB Underwriting, a UK managing general agent (MGA) specializing in property and liability insurance for construction and building trades. The deal strengthens SRG's MGA capability and expands its specialist insurance offering to UK brokers.

  • Buyer
    HGGC, SRG management team
    Target
    Specialist Risk Group
    Seller
    Pollen Street Capital
    Industry
    Insurance
    Location
    England, United Kingdom
    Type
    Buyout

    Middle-market private equity firm HGGC has signed a definitive agreement to acquire London-based Specialist Risk Group (SRG). SRG's management will reinvest alongside HGGC while existing investor Pollen Street Capital will exit; the transaction is expected to close in Q1 2021 subject to regulatory approval.

  • Buyer
    Specialist Risk Group, Pollen Street Capital
    Target
    Insolvency Risk Services
    Seller
    MS Amlin
    Industry
    Insurance
    Location
    Nottinghamshire, United Kingdom
    Type
    Addon

    Specialist Risk Group (SRG) has agreed to acquire Insolvency Risk Services (IRS), a division of MS Amlin, subject to regulatory approval. The deal brings IRS's specialist insolvency insurance broking capability into SRG's platform, with MS Amlin providing ongoing capacity for related risk exposures.

  • Buyer
    Specialist Risk Group
    Target
    KBIS British Equestrian Insurance
    Seller
    Guy Prest, Liz Prest
    Industry
    Insurance
    Location
    England, United Kingdom
    Type
    Addon

    Specialist Risk Group (SRG) has acquired KBIS British Equestrian Insurance, adding a well-established equestrian insurance specialist to its Specialist Risk Insurance Solutions (SRIS) retail division. The deal expands SRG's specialist capabilities and distribution reach (including Irish and EU channels via TUE) as SRG continues growth under new majority shareholder HGGC (subject to regulatory approval).

  • Buyer
    Specialist Risk Group Ltd
    Target
    David Codling & Associates Ltd
    Industry
    Insurance
    Location
    United Kingdom
    Type
    Buyout

    Specialist Risk Group Ltd (SRG) has acquired David Codling & Associates, a boutique specialist in Specie and Jewellers' Block insurance. The deal adds David Codling's specialist capabilities to SRG's distribution channels and expands the group's specialty insurance offerings.

  • Buyer
    Specialist Risk Investments Ltd (Specialist Risk Group), Pollen Street Capital
    Target
    Square Mile Broking Ltd
    Location
    England, United Kingdom
    Type
    Addon

    Specialist Risk Investments Ltd (Specialist Risk Group) has acquired Square Mile Broking Ltd, a chartered insurance broker that places approximately £20m of premium and specialises in construction, waste/environmental and rail risks. The deal, supported by owner Pollen Street Capital, deepens Specialist Risk's specialist capability and expands its sector expertise and client coverage across manufacturing, professional services and food & drink.

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