Specialist Risk Group acquires Generation Underwriting from WF Risk Group

London, UK – 2 July 2025 - Specialist Risk Group (“SRG”) today announces the acquisition of managing general agent Generation Underwriting, which has offices in Newcastle and Belfast, from WF Risk Group. The business will become part of MX, SRG’s underwriting pillar, and will further accelerate the build-out of a compelling nationwide Property, Liability & Fleet proposition for brokers.

Generation Underwriting is a UK-based MGA that partners exclusively with brokers across the regions in the SME and mid-market space. Its diverse portfolio spans Commercial Combined, Property Owners, Fleet, and Contractors All Risks (CAR) products, delivered through a blend of e-trade and traditional underwriting.

By joining MX, Generation Underwriting will benefit from SRG’s scale, advanced data, and distribution while preserving the entrepreneurial culture valued by regional broker partners. This acquisition complements MX’s existing appetite and will provide brokers across the UK with an expanded, and more comprehensive range of Property, Fleet, and Liability solutions.

Lee Anderson, Group Deputy CEO at Specialist Risk Group, said:

“Generation Underwriting epitomises the kind of specialist underwriting talent we celebrate in MX. Greg and his team bring complementary expertise in construction and property-owners’ and their values and focus on delivering for brokers across the UK make them a natural fit for MX as we continue to build a best-in-class Property, Fleet, and Liability proposition. We’re delighted to welcome them to SRG and to partner with Richard and WF Risk Group on a seamless transition.”

Greg Wilde, Managing Director of Generation Underwriting, said:

“Joining SRG’s MX pillar marks an exciting new chapter for Generation. Our philosophy has always centred on building local relationships, providing swift service and offering flexible wordings. With SRG’s investment and market reach, we can enhance these strengths for our broker partners while maintaining the same people, values and decision making agility that define our business.”

Richard Willis, Managing Director of WF Risk Group, added:

“We are immensely proud of how Generation has developed and grown over the last four years and to see it now join SRG’s thriving MX pillar. This is a great opportunity for Greg and the team to continue their impressive journey. We are proud of their achievements, and we wish them every success in this next stage of the journey”

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