Specialist Risk Group (SRG), the London-based insurance broker, has acquired TLO Risk Services, the professional risk specialist broker, which will play a key role in enhancing SRG’s professional line capabilities.
Specializing in the legal sector, London-headquartered TLO provides insurance solutions to a wide range of companies and individuals providing professional advisory services. This includes lawyers, law firms, arbitrators and mediators, as well as accountants, investment agents, surveyors and estate trustees.
The TLO team has deep expertise in the professional indemnity market, backed by its highly respected contract and claims support, said SRG, noting that this means TLO can provide tailored insurance solutions to companies of all sizes.
The acquisition of TLO enhances the professional lines offered by SRG and expands its capabilities to meet the insurance needs of companies in various sectors. The TLO will sit within SRG’s growing retail division, Specialist Risk Insurance Solutions (SRIS). Led by Oliver Thorne, SRIS aims to double in size over the next three years by pursuing an exciting acquisition and organic growth strategy.
“I am delighted that TLO has joined the Specialist Risk Group. This is another important step in the development of our professional line offering,” commented Warren Downey, CEO of SRG Group.
“The TLO team has an excellent reputation in the market, brings new technical expertise, and adds valuable expertise to our team. As we got to know Vernon, Duncan, and Michael during the acquisition process , it became clear that they would be a perfect fit for SRG’s culture, and I look forward to working together on the next stage of our journey,” added Downey.
“I’m proud of the team and capabilities we’ve built at TLO and look forward to our next chapter as part of the Specialist Risk Group. We quickly learned how well aligned our businesses are from a people and culture perspective. SRG’s commitment to investing in its people, training and being home to specialists will be a huge plus for our ambitious team going forward,” said Vernon Taylor, director of TLO.
Source: Specialist Risk Group
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