Specialist Risk Group (SRG), a UK-based group of insurance intermediaries, has acquired mid-market commercial broker Consort Insurance.
Based in Witham, Essex, Consort is specialist broker supporting a range of industries including construction, manufacturing, healthcare and entertainment.
The business also offers exclusive specialist insurance for organisations with an exposure to fire risk through its Protection and Detection (PaD) product.
Danny Harwood, Consort managing director and his team will join Specialist Risk Insurance Solutions (SRIS), led by Oliver Thorne who was announced as its managing director in October 2022.
SRG said its acquisition of Consort will continue to expand SRIS’s mid-market specialism, which the Consort team will play a fundamental role in helping to further develop in the UK and internationally.
This latest acquisition, the company added, continues SRIS’s ambitious growth strategy, which has seen the business double in size in the last three-years.
Lee Anderson, SRG deputy CEO, said, “I am absolutely thrilled that Danny and the Consort team have chosen to join us to continue to develop our fast-growing Retail business, Specialist Risk Insurance Solutions. The Consort team will add tremendous value to our mid-market capability, and I look forward to working together to continue to develop this critical part of our business.”
Danny Harwood, Consort managing director, added, “Throughout the deal process it became clear that SRG shared our ambitions to grow organically, within a high-performing and rewarding culture. I am passionate about the continued growth for the business within the mid-market space, and with the support of SRG, I look forward to enhancing our service and claims proposition and expanding across the UK and internationally.”
Earlier this year, Insurify, a virtual insurance agent offering services to compare, buy and manage insurance, revealed its plans to acquire Compare.com Insurance Agency.
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