Specialist Risk Group (SRG), the London-based group of insurance intermediaries, has entered into an agreement to acquire City Quarter Brokers, subject to regulatory approval.<\/p>\n
Financial details of the deal were not disclosed.<\/p>\n
City Quarter Brokers is a highly regarded London-headquartered broker with a strong global footprint. Specializing in complex and technical risks within the construction, engineering and infrastructure sector, the firm has established itself as a trusted partner for clients undertaking major international projects.<\/p>\n
Renowned for its deep sector expertise and client first approach, City Quarter Brokers offers high levels of client retention alongside specialist capabilities that deliver exceptional outcomes in some of the most demanding insurance markets, according to SRG.<\/p>\n
City Quarter Brokers will become part of SRG\u2019s expanding Wholesale division, which already includes established specialist brands such as Miles Smith, CBC Partnership, SRI, and TUE. The acquisition further strengthens SRG\u2019s ability to provide sophisticated placement solutions for complex risk and underscores its ambition to be the natural home for specialist businesses across the insurance value chain.<\/p>\n
\u201cWe are thrilled to welcome City Quarter Brokers to SRG. Their strong technical expertise in construction and engineering, combined with a global outlook and a dedication to broker service, is completely aligned with our values,\u201d commented Lee Anderson, group deputy CEO at Specialist Risk Group, in a statement.<\/p>\n
\u201cAs we continue to build out our wholesale platform, City Quarter Brokers represents the kind of deep specialism that makes a real difference to brokers and clients navigating complex risk,\u201d Anderson added.<\/p>\n
\u201cJoining SRG represents a significant opportunity for our business, our people, and our clients,\u201d according to Rob Walton, CEO of City Quarter Brokers. \u201cWe\u2019ve built a strong reputation for delivering tailored solutions on technically challenging risks, and SRG\u2019s platform will enable us to expand our reach while staying true to our specialist ethos. Together we look forward to unlocking opportunities while preserving the qualities our clients value most.\u201d<\/p>\n
Source: Specialist Risk Group (SRG)<\/p>\n
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