Specialist Risk Group completes acquisition of Ecclesia’s Dutch and Belgian operations

London, UK - 4 August 2025 - Specialist Risk Group (SRG), one of the fastest-growing global insurance intermediaries, is pleased to confirm the completion of its acquisition of German broker Ecclesia’s businesses in the Netherlands and Belgium.

Originally announced in January 2025, this transaction marks SRG’s formal entry into mainland Europe and represents a significant milestone in its international expansion. The acquired businesses, BS&F, Concordia, Ecclesia BV, Finance & Insurance, IC Verzekeringen NV – CI Assurances SA, Sibbing, and XOLV are established leaders in their respective markets, and will form a strong foundation for SRG’s European growth.

The Dutch and Belgian teams bring with them exceptional technical expertise, strong client relationships, and a cultural alignment that supports SRG’s vision to be the natural home for specialist insurance talent across Europe.

In addition to the acquisition, Ecclesia has now formally joined SRG’s investor group, alongside existing shareholders Warburg Pincus, Temasek, and SRG’s management team. This strategic alignment reflects a shared ambition to build a leading, international specialist insurance intermediary.

Warren Downey, Group CEO at Specialist Risk Group, said:

“We are delighted to complete this important transaction and officially welcome our new colleagues in the Netherlands and Belgium to SRG. Their depth of expertise, local market knowledge and service-led approach will be instrumental as we continue to expand our European footprint. We’re excited about the future and the opportunity to grow together as one team.”

Jochen Körner, CEO of Ecclesia and Non-Executive Director at SRG, added:

“We are proud to see this transaction complete, with our Dutch and Belgian teams formally becoming part of SRG. As Ecclesia now holds an investor position in SRG, we are pleased to retain our interest in these businesses and their future success. We share SRG’s passion for people and culture, specialism, and building for the long term. I’m confident that the teams in the Netherlands and Belgium will thrive within SRG, and this partnership will create meaningful opportunities for our people and clients alike.”

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