UK-based broker Specialist Risk Group (SRG) has agreed to acquire compatriot City Quarter Brokers for an undisclosed sum.  

City Quarter Brokers, known for its work with “complex and technical risks” in the construction, engineering and infrastructure sector, will join SRG’s Wholesale division. 

This division already has other specialist brands, namely Miles Smith, CBC Partnership, SRI and TUE, in its portfolio. 

The latest acquisition is expected to enhance SRG’s service offerings in the placement of complex risk.  

Specialist Risk Group group deputy CEO Lee Anderson said: “We are thrilled to welcome City Quarter Brokers to SRG. Their strong technical expertise in construction and engineering, combined with a global outlook and a dedication to broker service, is completely aligned with our values.  

“As we continue to build out our wholesale platform, City Quarter Brokers represents the kind of deep specialism that makes a real difference to brokers and clients navigating complex risk.” 

City Quarter Brokers CEO Rob Walton stated: “We have built a strong reputation for delivering tailored solutions on technically challenging risks, and SRG’s platform will enable us to expand our reach while staying true to our specialist ethos. Together we look forward to unlocking opportunities while preserving the qualities our clients value most.” 

Last month, SRG purchased Generation Underwriting from WF Risk Group.  

Generation Underwriting, which collaborates with brokers serving small to medium-sized enterprises and the mid-market, provides a variety of insurance products such as commercial combined, property owners, fleet and contractors all risks. 

With this addition, SRG expanded its resources, benefitting from improved data analytics and wider distribution networks.