Specialist Risk Group (SRG) has partnered with Ecclesia Group to acquire two of their assets in the Netherlands and Belgium, subject to regulatory approval.
The acquisition will see SRG expand into mainland Europe following their launch in Asia Pacific in 2024, with seven businesses and 700 new colleagues from across the two countries set to join the firm.
As part of the partnership Ecclesia Group will join Warburg Pincus and Temasek as shareholders of SRG. This is said to reinforce the long-standing relationship between the two firms, and will allow the companies to continue expanding across Europe.
Warren Downey, group CEO of SRG, says: “This transformative partnership is a pivotal moment for SRG as we continue to expand our capabilities and reach. We are delighted to welcome Ecclesia Group as a shareholder and Jochen Körner to the SRG Board as a non-executive director.”
CEO at Ecclesia Group, Jochen Körner, concludes: “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.”
