Zigres/Shutterstock.
Insurance coverage middleman Specialist Threat Group (SRG), backed by traders Warburg Pincus and Temasek, has acquired R3, a specialist insurance coverage dealer.
This deal represents the eleventh acquisition for SRG in 2024 following the mixing of different corporations equivalent to Stonehatch, Capulus and Anthony James Insurance coverage Brokers.
R3 gives insurance coverage options in varied sectors together with UK tourism, charities and abroad help, and UK navy and police.
It should see R3 turn out to be part of SRG’s retail enterprise, Specialist Threat Insurance coverage Options (SRIS), thereby enhancing SRG’s choices in complicated threat areas.
R3 has devised customised insurance coverage options that handle shoppers’ particular wants.
SRG group deputy CEO Lee Anderson mentioned: “R3’s distinctive sector expertise represents the very essence of SRG’s method to constructing specialisms. Their crew brings a wealth of industry-specific information, and we look ahead to working collectively to develop our retail providing for UK shoppers. This partnership strengthens our retail functionality and reinforces our dedication to offering shoppers with the specialist options they should sort out complicated and various dangers.”
Entry probably the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain e-mail will arrive shortly
We’re assured concerning the
distinctive
high quality of our Firm Profiles. Nonetheless, we would like you to take advantage of
useful
choice for your corporation, so we provide a free pattern that you would be able to obtain by
submitting the beneath type
By GlobalData
Rob Proudman of R3 mentioned: “That is an thrilling subsequent chapter for R3. SRG’s popularity for investing in and creating industry-leading specialist groups is second to none. We due to this fact look ahead to sharing our experience with the SRIS crew and collectively, we are going to proceed our mission to serve shoppers with the very best stage of specialism and dedication”.
Final month, SRG acquired NW Re, a specialist reinsurance firm established in 2020 by Neil Wallis, Neil Walker and Tallis Kemp.
NW Re specialises in facultative reinsurance and extra of loss insurance coverage.
