Specialist Risk Group's Strategic Partnership with Warburg Pincus and Temasek
May 23, 2024, 3:50 pm
In a bold move that is set to reshape the insurance industry, Specialist Risk Group ("SRG") has announced a game-changing partnership with global investors Warburg Pincus and Temasek. This strategic alliance marks a significant milestone for SRG, positioning them as a powerhouse in the world of specialist insurance intermediaries.
Under the visionary leadership of Group CEO Warren Downey and Group Deputy CEO Lee Anderson, SRG has experienced exponential growth since its inception in January 2020. With over 600 employees and premiums exceeding £1 billion, SRG has quickly established itself as a leader in the field.
Warburg Pincus and Temasek, renowned for their investment prowess, are set to provide the necessary support and resources for SRG to achieve its ambitious growth targets. James O'Gara of Warburg Pincus expressed excitement about the partnership, highlighting SRG's exceptional talent, capabilities, and culture as key factors for success.
Warren Downey, SRG Group CEO, expressed gratitude towards HGGC for their support over the past three years, acknowledging their role in SRG's journey to success. The terms of the transaction were not disclosed, but it is subject to customary closing conditions.
The advisory teams involved in the deal, including Evercore, Kirkland and Ellis, Macquarie Capital, and Freshfields Bruckhaus Deringer, have played a crucial role in facilitating the partnership. The management team at SRG, along with Warburg Pincus and Temasek, are poised to drive the company towards new heights of success.
Specialist Risk Group's commitment to excellence and innovation, combined with the strategic backing of Warburg Pincus and Temasek, sets the stage for a dynamic future in the insurance industry. This partnership is a testament to SRG's dedication to building a company that stands out amongst its peers, a true leader in the world of specialist insurance intermediaries.
Under the visionary leadership of Group CEO Warren Downey and Group Deputy CEO Lee Anderson, SRG has experienced exponential growth since its inception in January 2020. With over 600 employees and premiums exceeding £1 billion, SRG has quickly established itself as a leader in the field.
Warburg Pincus and Temasek, renowned for their investment prowess, are set to provide the necessary support and resources for SRG to achieve its ambitious growth targets. James O'Gara of Warburg Pincus expressed excitement about the partnership, highlighting SRG's exceptional talent, capabilities, and culture as key factors for success.
Warren Downey, SRG Group CEO, expressed gratitude towards HGGC for their support over the past three years, acknowledging their role in SRG's journey to success. The terms of the transaction were not disclosed, but it is subject to customary closing conditions.
The advisory teams involved in the deal, including Evercore, Kirkland and Ellis, Macquarie Capital, and Freshfields Bruckhaus Deringer, have played a crucial role in facilitating the partnership. The management team at SRG, along with Warburg Pincus and Temasek, are poised to drive the company towards new heights of success.
Specialist Risk Group's commitment to excellence and innovation, combined with the strategic backing of Warburg Pincus and Temasek, sets the stage for a dynamic future in the insurance industry. This partnership is a testament to SRG's dedication to building a company that stands out amongst its peers, a true leader in the world of specialist insurance intermediaries.