Specialist Risk Group (SRG) has announced its agreement to acquire the specialist property and casualty (P&C) managing general agent (MGA), Trilogy Underwriting.
This acquisition marks SRG's second addition to its underwriting pillar, MX, in 2024. MX’s acquisitions this year include Tristar Special Risks, The MPLC, CLS Risk Solutions, Blackrock Insurance Solutions, and GB Underwriting.
Formed in 2013, Trilogy Underwriting specialises in property and casualty business, supporting a select panel of wholesale and retail brokers across the UK.
Trilogy, led by managing director Chris Blackwell, holds delegated underwriting authority from major insurers with a minimum of A-rated security.
Lee Anderson (pictured above), SRG group deputy CEO, stated that they are pleased to welcome Chris and the Trilogy team to MX.
“Trilogy will help us expand our footprint at pace in the London Market while supporting wholesale and retail brokers, and their clients. The Trilogy team also enhances our specialist underwriting capability and access to the London Market’s area of expertise,” Anderson said.
Chris Blackwell, managing director of Trilogy Underwriting, mentioned that joining the MX pillar of SRG brings significant opportunities and benefits for their broker partners and team members.
“The enhanced scale and collective experience of MX will enable us to further develop our offering and ensure we continue to support our broker partners with complex property and casualty risks. I am looking forward to working with Lee, Ian Cook, and the wider MX team to enhance the specialist London Market offering available within MX,” Blackwell said.
Blackwell also expressed gratitude to Resolution Underwriting for their support over the past few years, acknowledging their key role in Trilogy's journey.
Earlier this month, SRG also revealed its acquisition of the ongoing business of Carriagehouse.
Carriagehouse, with over three decades of experience, caters to the equestrian industry by offering a variety of specialised products, including policies for horses and donkeys, horseboxes and trailers, carriages and harness, and commercial carriage drivers.
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