Specialist Risk Group acquires GB Underwriting

Insurance intermediary Specialist Risk Group , has announced the acquisition of GB Underwriting .

Founded in 2003, GB Underwriting provides property and liability solutions to the UK broker market. The team has particular strength in supporting brokers whose clients operate within building, construction and associated specialist trades.

“We are delighted to announce our acquisition of GB Underwriting, who bring a wealth of experience and expertise of the insurance of building and construction trades. Developing a market leading MGA capability is a central element of our strategy and we expect to make further progress in this area during 2021.” – Warren Downey, Group CEO at SRG.

“Joining forces with SRG is a fantastic move for our staff and broker partners. My team are particularly excited to be part of a fast-growing intermediary for specialist businesses and the opportunity SRG will bring for our people and our broker partners.” – James Gerry, GB Underwriting Executive Chairman.

The acquisition of GB Underwriting complements SRGs existing proposition, providing solutions for a range of specialist business to UK brokers, whilst also hinting at the build out of the Group’s MGA capability.

“We are excited at the prospect of working with James and the GB Underwriting team as we begin to expand SRUS. This latest acquisition reinforces the Group’s commitment to our broker partners by providing them access to wider market opportunities and specialist solutions.” – Lee Anderson, Specialist Risk Underwriting Solutions (SRUS) CEO.