Business Moves: Intermediary Specialist Risk Group Buys UK Broker Champion Insurance; Broker Clear Group Acquires UK Fire Safety Specialist Delco Safety

UK Intermediary Specialist Risk Group Buys Broker Champion Insurance

Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired Champion Insurance Group and its specialist subsidiaries Champion Professional Risks and Champion Health & Benefits.

Financial details of the deal were not disclosed.

Headquartered in Manchester, England, Champion Insurance Group is a leading independent commercial broker with a strong regional presence and a reputation for delivering tailored insurance solutions across a range of sectors. Known for its professional, relationship-driven approach Champion supports businesses with complex and evolving risk profiles through its offices across the North West.

The business will become part of SRG’s UK Retail division, contributing to the further build out of a UK-wide retail platform of scale, specialism, and service excellence.

“We are thrilled to welcome Champion Insurance Group to SRG. It was immediately clear that we share the same values and ambitions, particularly around growth, client service, and building a business that is both relevant and resilient,” commented Lee Anderson, group deputy CEO at Specialist Risk Group.

“Champion’s regional strength and advisory approach are a perfect complement to our UK Retail platform, and we look forward to what we can achieve together,” Anderson added.

“This is a really exciting step forward for our business. From our first conversations, it was obvious that SRG understood who we are and where we’re going,” according to Dan Maloney, founder and managing director at Champion Insurance Group.

“We share the same belief in combining expertise, integrity, and genuine care for clients. With SRG’s support and wider capabilities, we’re well placed to accelerate our growth and continue delivering for our clients across the North West and beyond,” Maloney said.

***

Broker Clear Group Acquires UK Fire Safety Specialist Delco Safety Ltd.

Clear Group, the London-based independent chartered insurance intermediary, has acquired Delco Safety Ltd., a specialist fire safety and compliance consultancy, as part of its strategy to expand its risk management division.

Financial details of the transaction were not disclosed.

Headquartered in Morden, England, Delco employs 19 staff and provides a range of services including fire risk assessments, safety inspections, and compliance consultancy. Its clients include local authorities, councils, housing associations, property managers, and commercial property owners.

Operating in a resilient and growing niche market, Delco’s proposition responds to increasing regulatory scrutiny on building and fire safety, following the introduction of legislation such as the UK Building Safety Act. The business has developed long standing existing client relationships, offering scheduled inspections, maintenance advice and compliance reviews underpinned by a capable team of experts.

Clear said the deal underscores its commitment to expanding specialist capabilities and strengthening its growing risk management offering. In combination, Clear and Delco will offer enhanced packaged risk management and insurance services to new and existing group customers.

“The acquisition of Delco reflects our strategy to grow Clear’s Risk Management division by adding specialist expertise in fire safety, an area of increasing importance for our clients,” commented Mike Edgeley, group CEO at Clear Group, in a statement.

“Delco’s strong reputation, robust compliance standards, and complementary client base make it a natural fit for our Group. Through combining tailored risk management services with thoughtfully structured insurance programmes, we bring value to our clients as a genuine risk advisor and help to enable their strategic success,” Edgeley added.

“Joining Clear provides us with the scale and support to accelerate our growth and expand the range of services we can offer clients. We share a commitment to compliance, quality, and client service, and we are excited to bring our fire risk expertise into the wider Clear Group offering,” said Derek Andrews, director at Delco.

Topics Mergers & Acquisitions Agencies