SRG strengthens UK retail presence with acquisition of Hull and Leeds based broker

Specialist Risk Group (SRG) has agreed to acquire Kennett Insurance and Risk Management.

Kennett Insurance and Risk Management has expertise in a variety of sectors such as construction, manufacturing, property, motor fleet, motor trade and logistics.

It operates from offices in Hull and Leeds.

Following completion of the deal, Kennett Insurance and Risk Management will join SRG’s UK retail pillar. Clients will continue to be supported by the existing team, while also having access to SRG’s wider expertise and resources.

Daniel Schofield, managing director at Kennett Insurance and Risk Management, said: “Joining SRG marks an exciting next chapter.

“SRG’s commitment to people and long-term growth makes it a natural home for our business and our clients. This partnership allows us to retain our client focus, while benefiting from the scale, support and opportunities that come with being part of a wider group.”

SRG expansion

SRG said the acquisition represents a further step in its expansion across the north of England.

It also said that Kennett Insurance and Risk Management’s expertise aligns closely with its existing specialist focus and further enhances the breadth and depth of its UK retail offering.

Lee Anderson, group deputy chief executive at SRG, said: “The acquisition of Kennett Insurance is another important step in the continued development of our UK retail business in the north of England.

”We are deliberately building scale rooted in specialism, strong regional presence and high quality teams. The Kennett team brings expertise in sectors that matter to SRG and a team whose values and approach align closely with our own. We are delighted to welcome them to the group.”