UK-based insurance coverage dealer Specialist Danger Group (SRG) has acquired terrorism insurance coverage specialist Tristar Particular Dangers for an undisclosed sum.
Tristar Particular Dangers brings to SRG experience in overlaying industrial and residential dangers together with these associated to political and non secular properties.
This acquisition is a part of SRG’s technique to increase its managing basic agent, MX, launched in 2021.
Additionally it is geared toward growing experience in specialist insurance coverage areas.
SRG group deputy CEO Lee Anderson stated: “We first engaged with James and the Tristar group on the SRG Market Briefing in January 2020. It was clear on the time that each companies shared the identical ambitions and had been culturally aligned. In the present day marks the second after we be part of forces and stay up for an thrilling future working collectively.
“Tristar Particular Dangers is a superb instance of what SRG seems for within the very best group and enterprise. They’ve deep experience and credibility of their specialist space, and I do know that they are going to go from energy to energy from being a part of SRG”.
Entry essentially the most complete Firm Profiles
in the marketplace, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
helpful
choice for your corporation, so we provide a free pattern that you may obtain by
submitting the under kind
By GlobalData
Tristar Particular Dangers managing director James Woolerton stated: “Becoming a member of Specialist Danger Group marks a major milestone for Tristar Particular Dangers and brings thrilling alternatives for our dealer companions.
“With SRG’s infrastructure and market presence, we stay up for enhancing all elements of our choices; persevering with to supply best-in-market terrorism insurance coverage options and offering the distinctive and market-leading ranges of innovation, flexibility, collaboration and experience our brokers worth so extremely.”
Final week, SRG bought Strategic Insurance coverage Companies Restricted (SISL), a dealer with a deal with specialist schemes.
SISL, with its roots in West Sussex, UK, since 1997, has constructed a community with insurers, brokers and monetary service shoppers, extending SRG’s attain throughout Europe.
The offers observe Warburg Pincus and Temasek’s funding in SRG in Might this 12 months to drive its progress in new markets, with a deal with Europe and Asia.
In December 2023, SRG reached an settlement to purchase insurance coverage dealer CBC, increasing operations within the UK and Eire.
