Specialist Risk Group (SRG) has announced its acquisition of a new team of 16 brokers from AFL Insurance Brokers, with the new recruits set to be led by Jonathan Bines.
Following a series of acquisitions in the first quarter of 2021, including KBIS, GB Underwriting, The Channel Partnership, and CLS Risk Solutions, this news represents SRG’s first London market team move of the year.
The move is part of SRG’s wider expansion strategy of their specialist insurance and reinsurance broking activities in the UK and Ireland.
Bines, who previously held leadership positions at JLT and Integro, has been CEO at AFL since 2019.
Warren Downey, SRG’s CEO said: “I am thrilled that Jonathan and his colleagues are joining SRG as we expand our specialist team which now numbers more than 400. The incoming team will be welcomed with open arms to SRG and I am looking forward to working with them as we expand our international reach and relevance.
“Jonathan is an experienced leader who will bring great value to the SRG Executive Committee as he leads this endeavour. Ever mindful of client service and disruption we are pleased to have agreed an orderly transfer with AFL.”
Bines said: “We are delighted to be joining Specialist Risk Group at such an exciting stage of their growth journey. We have been working closely with the SRG team to ensure a smooth
transition and I am confident this will be achieved in the coming weeks.
“We have a fantastic opportunity to build on the offering we have created to date and to
provide even better solutions for our producers and clients who now more than ever need
specialist and expert advice which is delivered with energy, passion, and determination.”