Specialist Risk Group (SRG) has announced its latest acquisition of equestrian specialist, KBIS British Equestrian Insurance, for an undisclosed sum.
KBIS was purchased by Guy and Liz Prest in 1991 with the business continuing to “go from strength to strength” under their leadership.
Guy Prest, MD of KBIS, said: “SRG are an excellent fit for KBIS, both culturally and strategically. We are proud of the reputation KBIS have built within the equestrian market and are looking forward to being able to further enhance our offering as part of the Group.
“We are particularly excited to expand our distribution capabilities through the Group’s Irish and EU business, TUE.”
KBIS will reportedly sit within SRG’s retail business, Specialist Risk Insurance Solutions (SRIS). SRIS was established in July 2020, through the merger of Square Mile Broking, Miles Smith Insurance Solutions, David Codling and Associates and the TUE Special Risk team.
Warren Downey, group CEO of SRG, said: “We are delighted to welcome KBIS to SRG. They have serviced the equestrian industry for many years and bring another specialist capability to our expanding Group.
“KBIS’s sector expertise is exactly what we want to develop within the Group, as we continue in our pursuit to become the natural home for specialist people and businesses.”