London-based insurance coverage dealer Specialist Danger Group (SRG) has bought Witham, Essex-based mid-market business dealer Consort Insurance coverage.
As a part of the deal, will see Consort managing director Danny Harwood and his group develop into a part of Specialist Danger Insurance coverage Options (SRIS).
“All through the deal course of it grew to become clear that SRG shared our ambitions to develop organically, inside a high-performing and rewarding tradition,” Harwood famous.
The deal, whose monetary phrases weren’t shared, awaits regulatory clearance.
It’s stated to bolster the mid-market capabilities of Oliver Thorne-headed SRIS, with the Consort workers anticipated to be integral to facilitating the enterprise’ improvement within the UK and worldwide market.
Consort serves healthcare and leisure, development, and manufacturing sectors, amongst others.
Through its Safety and Detection (PaD) providing, the agency supplies specialist insurance coverage for organisations having fireplace threat publicity.
SRG deputy CEO Lee Anderson stated: “I’m completely thrilled that Danny and the Consort group have chosen to affix us to proceed to develop our fast-growing retail enterprise, Specialist Danger Insurance coverage Options.
“The Consort group will add great worth to our mid-market functionality, and I sit up for working collectively to proceed to develop this crucial a part of our enterprise.”
In January this yr, SRG purchased specialist insurance coverage dealer Fleet and Industrial in its first deal of 2023.
The acquired entity joined SRG’s retail unit SRIS.
