LONDON – 13 MAY 2021 – Fast-growing insurance intermediary, Specialist Risk Group (SRG), has today announced the acquisition of specialist Irish Liability and Property MGA, Blackrock Insurance Solutions.
SRG’s latest 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 capability.”
Neil McSherry, Blackrock Managing Director said: “I believe SRG are an exciting home for our business, as we look to our next stage of growth. We are very much looking forward to joining forces with Warren, Lee, and the team to continue to service our brokers within the Irish Market.”
Lee Anderson, Specialist Risk Underwriting Solutions CEO, comments: “I am delighted Neil and the Blackrock team are joining us at this exciting time in our journey. We remain committed to supporting Irish brokers with their specialist risks and our acquisition of Blackrock solidifies this commitment.”