Specialist Danger Group (SRG), the London-based insurance coverage dealer, has acquired TLO Danger Companies, the skilled danger specialist dealer, which is able to play an integral position within the growth of SRG’s skilled strains functionality.
Specializing primarily within the authorized sector, London-headquartered TLO gives insurance coverage options to a variety of corporations and people that present skilled advisory companies. These embrace barristers, regulation corporations, arbitrators and mediators, in addition to accountants, funding brokers, surveyors and property trustees.
The workforce at TLO has deep experience of the skilled indemnity market, which is underpinned by its extremely revered contract and claims assist, mentioned SRG, noting that which means TLO can present tailor-made insurance coverage options to corporations of all sizes.
The acquisition of TLO enhances SRG’s skilled strains providing and expands its capabilities to cater to the insurance coverage wants of corporations throughout a variety of sectors. TLO will sit inside SRG’s rising retail division, Specialist Danger Insurance coverage Options (SRIS). Led by Oliver Thorne, SRIS is in search of to double in dimension over the subsequent three years by pursuing an thrilling acquisition and natural progress technique.
“I’m thrilled that TLO is becoming a member of Specialist Danger Group. That is one other key step within the growth of our skilled strains providing,” commented Warren Downey, CEO of SRG Group.
“The TLO workforce has a fantastic status out there, deliver new technical expertise, and add vital experience to our group. As we bought to know Vernon, Duncan, and Michael in the course of the acquisition course of, it turned clear that they might be an ideal cultural match at SRG, and I sit up for working collectively on the subsequent stage of our journey,” Downey added.
“I take nice delight within the workforce and functionality that we’ve constructed at TLO and am trying ahead to our subsequent chapter as a part of Specialist Danger Group. We rapidly recognised how aligned each our companies had been from a folks and tradition perspective. SRG’s dedication to investing in its folks, coaching and being the house of specialists will probably be a giant plus for our formidable workforce transferring ahead,” mentioned Vernon Taylor, TLO director.
Supply: Specialist Danger Group
Subjects
Mergers & Acquisitions
Companies
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