SRG acquires specialist reinsurance firm NW Re

Insurance intermediary Specialist Risk Group (SRG) has announced the acquisition of specialist reinsurance firm NW Re.

Founded in 2020 by Neil Wallis, Neil Walker, and Tallis Kemp, NW Re provides Property Facultative Reinsurance and Excess of Loss insurance across a range of occupancies.

With this acquisition, the team at NW Re will reportedly join forces with SRG’s underwriting pillar, MX, to support its vision of creating a “comprehensive one-stop-shop of specialist underwriting solutions” for its broker partners.

Lee Anderson, Group Deputy CEO of SRG, said, “This deal marks yet another exciting step in the growth of our underwriting pillar, MX. The NW Re team has built a brilliant business that perfectly complements our focus on providing specialist solutions for brokers and their clients.

“There is no doubt that the NW Re team will add significant value to MX’s capability as we continue to expand our specialisms and deliver even more value for our broker partners.”

Neil Wallis, Co-Founder of NW Re, said, “We are delighted to be joining Specialist Risk Group and to be working alongside our new colleagues at MX. From the outset, we have always maintained the goal of providing reliable, tailored insurance solutions in the UK market.

“Partnering with SRG now enables us to bring our expertise to a wider audience and to work within a group that totally shares our commitment to specialty insurance.

“We look forward to providing even greater value to our broker partners working in partnership with our new colleagues from SRG and the MX team.”

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