Specialist Risk Group (SRG), an insurance intermediary, has agreed to acquire Strategic Insurance Services Limited (SISL), pending regulatory approval.
Founded in 1997 and headquartered in West Sussex, SISL specialises in niche insurance schemes, with established relationships with insurers, brokers, and financial services clients across Europe. The acquisition aligns with SRG’s strategy to expand its range of specialisms.
SRG group CEO Warren Downey (pictured) said the deal will see the group help SISL enhance and expand its capability across international markets.
“We are excited to welcome SISL to SRG. The SISL team has profound expertise in creating and delivering specialist schemes, which aligns perfectly with our strategic vision. This acquisition not only enables us to support SISL in developing their current proposition but also expand their capability further across international markets. The cultural fit between our two organisations is exceptional, and we see significant opportunities for our people to grow and thrive together,” he said.
SISL director Christian Freer said the deal enables the company to tap into SRG’s resources and expertise to drive business growth.
“We have known Warren and the SRG team for some time and are thrilled to now be joining SRG. Both our firms share the same cultural values, and I look forward to working in an environment where our teams can collaborate and excel. This partnership opens up tremendous opportunities for our team, allowing us to leverage SRG’s resources and expertise to drive the growth of our business. Together, we are well-positioned to further support clients across the globe with our specialist insurance products and solutions,” he said.
This acquisition is the first since SRG announced new investment partners, Warburg Pincus and Temasek, in May 2024, which is also awaiting regulatory approval.
The acquisition will involve SRG’s management team investing alongside Warburg Pincus and Temasek, maintaining a significant stake in the company. The new investment aims to support the group’s continued growth and strategic plans.
“They are ideal partners who will provide the support and firepower we need as we embark on the next exciting stage of our growth journey,” Downey said. “I would like to take this opportunity to thank HGGC for their support over the last three years, we have thoroughly enjoyed working with them during this time, and their involvement has played a significant role in SRG becoming what it is today.”
