Specialist Risk Group Buys Dublin-Based MGA, Blackrock Insurance Solutions May 13, 2021
Financial details of the acquisition were not disclosed.
SRG said this acquisition further demonstrates its commitment to the Irish broker market, as it invests in specialist underwriting capability and technical expertise, to support existing wholesale broker TUE and motor specialist MGA, LIME.
SRG has been building its MGA capability, following the acquisition of GB Underwriting and CLS Risk Solutions (subject to regulatory approval) earlier this year. Blackrock will now join GB Underwriting, LIME and CLS RS, to form the foundations of the group’s underwriting business.
Warren Downey, group CEO at SRG said: “We are thrilled to further support our Irish broker partners through the acquisition of Blackrock Insurance Solutions. The Blackrock team is a group of genuine specialists who add tremendous value and expertise to the group’s underwriting capabi
UK Broker, Specialist Risk Group, Acquires MGA CLS Risk Solutions March 5, 2021
Financial details of the acquisition its fourth so far this year were not disclosed.
Established in 2010, CLS RS is a West Malling, England-based managing general agent (MGA), which provides risk solutions for real estate development projects and transactions for clients in the UK and across Europe. With gross written premiums in excess of £30 million ($41.8 million) in 2020, CLS RS specializes in renewables, mergers and acquisitions, property development and environmental markets.
The company helps clients transfer risk that might otherwise frustrate the acquisition, funding, development or disposal of a real estate asset. Its suite of products includes legal indemnities, structural indemnities, rights of light indemnities, environmental indemnities and judicial review/planning law indemnities.