In a transformational deal, Specialist Risk Group expands into mainland Europe and acquires Ecclesia’s assets in Belgium and the Netherlands

  • Seven businesses and 700 new colleagues across two countries join Specialist Risk Group (SRG)
  • Ecclesia Group to become a shareholder & Jochen Körner (Ecclesia Group CEO) to become a Non-Executive Director of SRG
  • SRG now uniquely owned by a combination of Warburg Pincus, Temasek, Ecclesia Group and SRG Management

Subject to regulatory approval

London, UK and Detmold, Germany – Specialist Risk Group (SRG) and Ecclesia Group are proud to announce a transformative partnership. SRG will acquire Ecclesia’s assets in The Netherlands & Belgium a move that will see seven businesses and 700 new colleagues across the two countries join SRG. This acquisition marks a significant step in SRG’s continued international growth and its first in mainland Europe, following their launch in Asia Pacific in 2024.

In addition to the acquisition, Ecclesia Group will join Warburg Pincus and Temasek as shareholders of SRG. This unique investment structure establishes a long-term partnership between SRG and Ecclesia Group, allowing both organisations to collaborate strategically while setting their sights on growth opportunities in Europe and beyond.

As part of this partnership, Ecclesia Group CEO, Jochen Körner, will join the SRG Board as a Non-Executive Director, bringing his extensive expertise to support SRG in their next chapter.

This announcement comes as SRG begins 2025 with bold ambition, following an exceptional 2024 that saw the business announce 12 acquisitions, launch operations in the Asia-Pacific region, and successfully complete a round of refinancing, welcoming Warburg Pincus and Temasek as majority shareholders.

Ecclesia Group is Germany’s largest insurance broker for companies and institutions. Renowned for its expertise in industrial and specialist insurance

Solutions, Ecclesia delivers innovative risk solutions across Europe, placing c. three billion euros p.a. into the global insurance markets.

Warren Downey, Group CEO of SRG, said:

“This transformative partnership is a pivotal moment for SRG as we continue to expand our capabilities and reach. Welcoming 700 new colleagues across Europe doubles our headcount, marking a significant step in our international expansion and further enriching our specialist capabilities. We are delighted to welcome Ecclesia Group as a shareholder and Jochen Körner to the SRG Board as a Non-Executive Director. Jochen’s vast experience will undoubtedly provide valuable guidance and insight as we pursue our strategic goals.”

SRG, stock shoot, comm by Georgia Green

Jochen Körner, CEO at Ecclesia Group, said:

“We are delighted to enter into this unique partnership with SRG, a business that shares our dedication to specialist expertise and client service. This partnership allows us to focus on strengthening our position in the German market while our international assets contribute to SRG’s international growth journey. Together, we are creating a powerful alliance to shape the future of specialist insurance.”

SRG, The Hub event, comm by Eleanor Bridger
SRG, The Hub event, comm by Eleanor Bridger
MORE NEWS
Singapore’s famous view of marina bay district and cityscape is a popular tourist attraction in the Marina District of Singapore.
Press Releases
Specialist Risk Group Announces Appointment of Collin Yap as CEO of Asia Pacific
Specialist Risk Group (“SRG”), the fast-growing, people and culture focussed, specialist insurance intermediary has today announced that it has signed a definitive agreement to be acquired by Warburg Pincus, the global growth investor, and Temasek, the global investor. Read More
Singapore
Acquisition News, Press Releases
Specialist Risk Group launches in Asia Pacific and announces the acquisition of HL Suntek from Hong Leong Holdings in Singapore
Specialist Risk Group (“SRG”), the fast-growing, people and culture focussed, specialist insurance intermediary has today announced that it has signed a definitive agreement to be acquired by Warburg Pincus, the global growth investor, and Temasek, the global investor. Read More
City low res
Press Releases
Specialist Risk Group secures Warburg Pincus and Temasek as new major investor partners
Specialist Risk Group (“SRG”), the fast-growing, people and culture focussed, specialist insurance intermediary has today announced that it has signed a definitive agreement to be acquired by Warburg Pincus, the global growth investor, and Temasek, the global investor. Read More