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 staff turn into a part of Specialist Danger Insurance coverage Options (SRIS).
“All through the deal course of it turned 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 mentioned to bolster the mid-market capabilities of Oliver Thorne-headed SRIS, with the Consort staff anticipated to be integral to facilitating the enterprise’ growth within the UK and worldwide market.
Consort serves healthcare and leisure, building, and manufacturing sectors, amongst others.
By way of its Safety and Detection (PaD) providing, the agency offers specialist insurance coverage for organisations having fireplace threat publicity.
SRG deputy CEO Lee Anderson mentioned: “I’m completely thrilled that Danny and the Consort staff have chosen to affix us to proceed to develop our fast-growing retail enterprise, Specialist Danger Insurance coverage Options.
“The Consort staff will add large worth to our mid-market functionality, and I stay up for working collectively to proceed to develop this important a part of our enterprise.”
In January this 12 months, SRG purchased specialist insurance coverage dealer Fleet and Industrial in its first deal of 2023.
The acquired entity joined SRG’s retail unit SRIS.