Specialist Risk Group (SRG) has announced three strategic partnerships to “complement” the Insolvency Risk Services (IRS) offering to the insolvency industry.
IRS serves the needs of accounting firms and insolvency practitioners across the UK and Ireland as they provide insurance support for companies in administration.
SRG announced MS Amlin has agreed to provide expanded capacity for the provision of insurance to companies in administration. The long-term agreement is exclusive to IRS and is given on a delegated authority basis.
Mark Clements, MS Amlin chief underwriting officer, performance director specialty insurance, added: “We are pleased to continue to provide market leading specialist insurance capacity for companies in administration through Insolvency risk services.
“Our trust in the specialists at IRS under the leadership of the specialist risk group is a very solid foundation for the next stage of our work together.”
Also, Aryza has also partnered with the group and will work to “better connect the provision of insurance to mutual customers”.
Finally, SRG has revealed it will work closely with insurance broker, LIVA Partners, in the M&A sector.
It said through coordinating LIVA and IRS offerings to the insolvency sector accountants, insolvency practitioners and their clients can be supported for all their M&A insurance needs in particular as assets are transferred and new ventures are launched.
Warren Downey, CEO of SRG, said: “Hot on the heels of our announcement regarding the acquisition of IRS we are very pleased to develop our unique offering to this important segment through these strategic partnerships. I would like to thank MS Amlin, Aryza and LIVA for their commitment and foresight.”
Adam Loveitt, IRS managing director, added: “These three partnerships expand the quality and depth of our offering to companies in administration and their advisors. We look forward to delivering an excellent and expanded service for our clients in the coming days.”