Specialist Risk Group (SRG) has acquired Champion Insurance Group, including its subsidiaries Champion Professional Risks and Champion Health & Benefits.
The transaction expands SRG’s UK Retail division and is expected to strengthen its regional presence in the North West. Financial details of the Champion Insurance Group acquisition were not disclosed.
Champion Insurance Group, based in Manchester, operates as an independent commercial broker. The company serves a range of sectors, with offices spread across the North West, providing insurance solutions to a variety of clients.
Lee Anderson (pictured above, left), group deputy CEO at SRG, said the two businesses share similar values and ambitions. “Champion’s regional strength and advisory approach are a perfect complement to our UK Retail platform, and we look forward to what we can achieve together,” Anderson said.
Dan Maloney (pictured above, right), founder and managing director of Champion Insurance Group, also described the move as a significant step for the company.
“With SRG’s support and wider capabilities, we’re well placed to accelerate our growth and continue delivering for our clients across the North West and beyond,” Maloney said.
In addition to its retail expansion, SRG recently made a strategic investment in motorsport insurance by acquiring James Hirst and his team from James Hallam Ltd.
Hirst and his team have a track record of working with grassroots competitors, professional racing teams, circuits, and international governing bodies, providing insurance programmes for on-track accident damage, liability, personal accident, and event cancellation, among other exposures.
SRG’s growth push also included an announcement last month regarding its intention to acquire City Quarter Brokers, a firm specialising in the construction, engineering, and infrastructure sectors. This planned acquisition is part of SRG’s ongoing efforts to expand its reach in specialist markets and further diversify its portfolio.
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