The specialist insurance broker, Specialist Risk Group (SRG) has announced that, subject to regulatory approval, it will be acquiring Insolvency Risk Services (IRS), a division of MS Amlin. UK-based IRS services accounting firms and insolvency practitioners throughout the UK and Ireland through the provision of insurance support to companies in administration.
This move marks the return of IRS to the insurance broking world following several years as a division of MS Amlin. As per the terms of this acquisition, MS Amlin will provide SRG with ongoing dedicated capacity for these risk exposures. This move is one of three strategic partnerships which will be revealed in due course.
The CEO of SRG, Warren Downey, said the business is delighted to welcome IRS to the group and that, as a specialist broker which places an emphasis on handling difficult risks, SRG has been keen to enter the insolvency market for some time, and has now found the right partner. Meanwhile, Pollen Street Capital partner, Ian Gascoigne, said that IRS is an exciting addition to SRG’s specialist risk product suite and enhances SRG’s position as one of the fastest growing insurance distribution platforms in the European market.
The MD of IRS, Adam Loveitt said of the acquisition: “We are very excited to be joining Specialist Risk Group and look forward to working together to serve the business community at this challenging time, and for many years to come.”
