SRG Announces Acquisition of Political Violence Specialist Tristar Special Risks

Specialist Risk Group (SRG), an insurance intermediary, has announced the acquisition of Tristar Special Risks, a firm specializing in combating political violence.

For those not in the know, Tristar Special Risks has extensive experience in terrorism insurance and supports UK broker partners with cover for all types of commercial and residential risks, including political and religious properties.

The acquisition continues the expansion of SRG’s Managing General Agent (MGA) MX service, which was launched in late 2021.

Lee Anderson, Deputy CEO of SRG Group, commented: “We first connected with James and the Tristar team at the SRG Market Briefing in January 2020. It was clear then that both businesses shared ambitions and had a strong cultural alignment. Today is the moment to join forces and we look forward to an exciting future together.”

Adding: “Tristar Special Risks is a great example of what SRG looks for in an ideal team and business. They have deep expertise and credibility in their specialist field and I know they will thrive as part of SRG.”

James Woolerton, Managing Director of Tristar Special Risks, said: “Joining the Specialist Risk Group represents a significant milestone for Tristar Special Risks and opens up exciting opportunities for our broker partners. With SRG’s infrastructure and market presence, we look forward to enhancing all aspects of our offering; continuing to deliver market-leading terrorism insurance solutions and delivering the unique and market-leading levels of innovation, flexibility, collaboration and expertise that our brokers value so highly.”

In related news, SRG recently agreed to acquire specialist insurance broker, Strategic Insurance Services Limited (SISL), subject to regulatory approval.