Captive supervisor SRS has agreed to purchase Ardonagh Group-owned Robus Group for an undisclosed quantity.
Robus, a captive and insurance coverage administration group, has operations in Guernsey and Gibraltar.
It provides a set {of professional} administration choices to varied entities throughout the insurance coverage sector.
The deal, which is awaiting regulatory approval, is aimed toward reinforcing SRS’ place as one of many main captive administration firms in Europe.
It marks a major step for SRS Europe as the corporate continues to increase into new territories.
SRS serves a various clientele, starting from single mother or father captives to advanced business insurers and reinsurers.
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The corporate’s international footprint extends to Barbados, Bermuda, Canada, the Cayman Islands, Latin America, South Africa and the US.
SRS Europe CEO Peter Youngster stated: “Robus coming over to SRS makes nice sense as a result of we share a lot in our philosophies that pertain to our shoppers and the business as a complete.
“I’m thrilled to welcome Steve Quinn and his Robus colleagues to our staff and am assured that this relationship will give us a good stronger platform from which to ship our best-in-class insurance coverage administration providers.”
The combination of Robus Group’s experience is claimed to bolster SRS’ choices, offering shoppers with enhanced threat administration methods.
Robus Group govt chairman Steve Quinn stated: “Becoming a member of a enterprise that’s famend for its specialist insurance coverage administration options is the pure subsequent step within the growth of our enterprise.
“Robus has been on a exceptional journey over the previous few years with Ardonagh, which is able to stay an necessary buying and selling associate.”
