Specialist Risk Group (SRG) has announced its acquisition of CLS Risk Solutions (CLS RS), its fourth acquisition of 2021 so far.
CLS RS is a leading MGA, which provides risk management solutions for real estate development projects and transactions.
In 2020, CLS RS’s gross written premiums came to £30m due to its expansion into renewables and the environmental market.
Joining GB Underwriting and LIME, CLS RS will be part of Specialist Risk Underwriting Solutions.
Warren Downey, group CEO at SRG said: “I am thrilled CLS Risk Solutions are joining SRG
at such an exciting time in our growth journey. The team have a deeply specialist offering,
which perfectly complements our goal to create a group of specialist businesses.
“I am looking forward to working with Rob and the team to expand CLS RS’s international
capabilities and continue to serve their broker base with access to highly specialist property
Rob Best, CLS RS’s managing director, said: “The whole team at CLS RS is excited to be
joining SRG at such an important moment for both businesses. We both share the same
values, ambition and commitment to providing an outstanding service to our clients.
“The CLS Group has given us a great start and the sale to SRG provides our business the
platform and resources to continue to unlock career development opportunities for our team.
What’s more joining forces with SRG creates excellent property development and
transaction opportunities for our clients.”