SRG acquired by Warburg Pincus and Temasek to fuel growth
- June 19, 2025
- Posted by: Beth Musselwhite
- Category: Insurance
Insurance industry intermediary Specialist Risk Group (SRG) has announced its acquisition by Warburg Pincus and Temasek.
This partnership with these investors aims to support SRG’s growth plans and strategy, with SRG’s management team retaining a significant stake in the company.
SRG was founded in January 2020 under the leadership of Group CEO Warren Downey and Group Deputy CEO Lee Anderson. The company currently employs over 600 people and manages premiums exceeding £1 billion.
James O’Gara, Managing Director at Warburg Pincus, expresses his enthusiasm for this partnership, stating, “We’ve been following SRG’s progression over the past few years with keen interest and are delighted to partner with the business and its very talented team on their next stage of growth.
“As active and experienced investors into insurance businesses globally, we believe SRG has all the right ingredients – talent, capabilities, and culture – to build on its position as a true standout amongst European and international intermediaries.
“We look forward to working with the team and Temasek to help realise that potential,” O’Gara concludes.
Warren Downey, CEO of SRG Group, added, “We are thrilled to be partnering with such outstanding investors as Warburg Pincus and Temasek. They are ideal partners who will provide the support and firepower we need as we embark on the next exciting stage of our growth journey.
“I would like to take this opportunity to thank HGGC for their support over the last 3 years, we have thoroughly enjoyed working with them during this time, and their involvement has played a significant role in SRG becoming what it is today.”
HGGC commented, “We’ve enjoyed a tremendous partnership with Warren and the SRG team and seeing them achieve many of the business goals we set together ahead of schedule has been especially rewarding.”
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