Specialist Risk Group Acquires Wholesale Team From Lockton

Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired a new wholesale team from Lockton.

SRG said the move further strengthens SRG’s London market capability and expands its specialist proposition across its existing subsidiaries Miles Smith, CBC Partnership, and The Underwriting Exchange (TUE).

Financial details of the transaction were not disclosed.

Led by Shelley Wright, the wholesale team will work closely with UK retail brokers to deliver solutions across property, casualty, and financial lines. Their arrival is highly complementary to the existing capabilities within Miles Smith, with the two teams set to join forces as one integrated unit.

This move further demonstrates SRG’s ongoing commitment to the London market and to developing specialist capability across the insurance value chain. With deep experience and a reputation for delivering technically led placement strategies, the team is well positioned to enhance SRG’s value to brokers navigating complex and hard-to-place risks, the company said.

“We are delighted to welcome Shelley and her team to SRG. Their deep broker relationships and multi-line specialism represent everything we are building in our wholesale division. This is another step in our ambition to create the leading independent wholesale platform for UK brokers,” commented Lee Anderson, group deputy CEO at Specialist Risk Group.

“We’re looking forward to joining SRG at such an exciting time in its journey. From the outset, it was clear that this is a business that understands and values specialism,” Wright said.

“Bringing our team together with Miles Smith under one roof creates a powerful proposition for UK brokers looking for smart, responsive London market access across property, casualty, and financial lines,” Wright added.

“We are continually reviewing our strategy and portfolio to drive client innovation and growth. SRG is a strong and well-respected business that makes the perfect new home for this team and the clients they serve,” according to Clarissa Franks, head of Retail at Lockton.

Topics Mergers & Acquisitions