’This is another key step in the development of our professional lines offering’, says chief executive 

Specialist Risk Group (SRG) has acquired insurance firm TLO Risk Services as it looks to enhance its professional lines offering.

TLO provides insurance solutions to a range of businesses and individuals that provide professional advisory services, including barristers, law firms, accountants, investment agents and surveyors. 

In a statement released today (16 May 2023), SRG said purchasing the company expands its capabilities to cater to the insurance needs of firms across a range of sectors.

Warren Downey, SRG group chief executive, said: “I am thrilled that TLO is joining SRG.

“This is another key step in the development of our professional lines offering.

“The TLO team has a great reputation in the market, brings new technical skills and adds significant expertise to our group.” 

‘Perfect cultural fit’

As part of the move, TLO will sit within SRG’s retail division, Specialist Risk Insurance Solutions.

SRG said the division is currently looking to double in size over the next three years by pursuing an “exciting acquisition and organic growth strategy”.

Downey said it was clear that TLO would be a “perfect cultural fit” during the acquisition process.

Vernon Taylor, TLO director, added: “I take great pride in the team and capability that we have built at TLO and am looking forward to our next chapter as part of SRG

“We quickly recognised how aligned both our businesses were from a people and culture perspective.

“SRG’s commitment to investing in its people, training and being the home of specialists will be a big plus for our ambitious team moving forward’.