Thu, 16 Oct 2025 | DIVISION SALE
Insurance underwriting and broking firm Specialist Risk Group (SRG) has continued its expansion with the acquisition of a new Wholesale team from leading insurance brokerage Lockton. The acquisition of the team, which is led by Shelley Wright, reflects SRG’s efforts to strengthen its capabilities in the London market.
In addition to strengthening the London-based insurance intermediary’s presence in the capital, the deal also expands its specialist proposition across subsidiaries CBC Partnership, The Underwriting Exchange (TUE) and Miles Smith.
The wholesale team will work alongside UK retail brokers to provide solutions across financial, property and casualty lines. SRG says that the team will be integrated with Miles Smith, creating a combined unit that enhances the wider group’s wholesale offering, with the acquisition described as being highly complementary to Miles Smith’s existing capabilities.
Lee Anderson, group deputy CEO at Specialist Risk Group, (pictured above) commented: “We are delighted to welcome Shelley and her team to SRG. Their deep broker relationships and multi-line specialism represent everything we are building in our wholesale division. This is another step in our ambition to create the leading independent wholesale platform for UK brokers.”
Shelley Wright said that it was clear that SRG “understands and values specialism” and added that integrating the team with Miles Smith “creates a powerful proposition for UK brokers looking for smart, responsive London market access across property, casualty, and financial lines”.
According to Lockton’s Head of Retail Clarissa Franks, the sale aligns with the company’s business focus. She commented: “We are continually reviewing our strategy and portfolio to drive client innovation and growth. SRG is a strong and well-respected business that makes the perfect new home for this team and the clients they serve.”
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