SRG buys Consort Insurance

Consort Insurance, which is based in Witham, Essex, specialises in construction, manufacturing, healthcare and entertainment. The broker also offers specialist insurance for organisations with an exposure to fire risk through its Protection and Detection product.

With the support of SRG, I look forward to enhancing our service and claims proposition, and expanding across the UK and internationally.

Danny Harwood

Consort’s managing director, Danny Harwood and his team will join Specialist Risk Insurance Solutions, led by managing director Oliver Thorne who was appointed at the retail business in 2022.

This latest deal continues SRIS’s growth strategy which, according to the broker, has seen the business double in size in the past three years.

Value

Lee Anderson, Specialist Risk Group’s deputy CEO, said: “The Consort team will add tremendous value to our mid-market capability.

“I look forward to working together to continue to develop this critical part of our business.

“I have asked Danny to join the SRIS leadership team, and have no doubt that he will add tremendous value in this setting.”

Harwood stated that throughout the deal process that it became clear SRG shared Consort’s ambitions to grow organically.

He added: “I am passionate about the continued growth for the business within the mid-market space and, with the support of SRG, I look forward to enhancing our service and claims proposition, and expanding across the UK and internationally.”

Recent acquisitions

The Consort deal follows a string of recent acquisitions made by SRG. The broker bought Fleet and Commercial in its first deal of the year in January.

Prior to this, the broker completed its buy of Hamilton Leigh in September 2022. The purchase was first announced in March.

As previously revealed by Insurance Age, SRG, in 2021, spent £58.91m snapping up five firms.

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