Business

SRG acquires GB Underwriting

SRG said that the acquisition of GB Underwriting ‘neatly complements SRGs existing proposition’

Specialist Risk Group(SRG) has acquired GB Underwriting for an undisclosed amount. 

Founded in 2003, GB Underwriting provides property and liability solutions to the UK broker market. According to SRG, the team has “particular strength in supporting brokers whose clients operate within building, construction and associated specialist trades”.

SRG said that the acquisition of GB Underwriting “neatly complements SRGs existing proposition, providing solutions for a range of specialist business to UK brokers, whilst also hinting at the build out of the Group’s MGA capability”. 

Warren Downey, group CEO at SRG said: “We are delighted to announce our acquisition of GB Underwriting, who bring a wealth of experience and expertise of the insurance of building and construction trades.

“Developing a market leading MGA capability is a central element of our strategy and we expect to make further progress in this area during 2021”.

James Gerry, GB Underwriting executive chairman, added: “Joining forces with SRG is a fantastic move for our staff and broker partners. 

“My team are particularly excited to be part of a fast-growing intermediary for specialist businesses and the opportunity SRG will bring for our people and our broker partners”.

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