Insurance intermediary, Specialist Risk Group (SRG), has announced the acquisition of trade credit specialist, The Channel Partnership.
Based in Bristol, The Channel Partnership’s senior team and staff will join SRG’s retail business, Specialist Risk Insurance Solutions (SRIS).
The Channel Partnership, founded in 1992, provides clients with advice and solutions to manage their trade credit risk.
According to SRG, this specialist area of insurance is of “particular value in the current economic climate”, enabling businesses to continue to trade confidently on credit terms whether with their UK based or Export customers.
As part of the acquisition, director at The Channel Partnership Tom Rolfe, will now report to Lee Anderson, managing director of SRIS.
Anderson said: “The Channel Partnership makes an excellent addition to the Specialist credentials of SRIS and is further evidence of the support we give to our core client base, particularly in the non-service sectors such as manufacturing and construction.
“Tom and his team have a great track record and reputation for delivering significant value for its clients through its deep understanding of the trade credit market. The Channel Partnership perfectly fits within our growing specialist retail capability”.