Specialist Risk Group Acquires City Quarter Brokers
Deal News | Aug 12, 2025 | Re-Insurance News
Specialist Risk Group (SRG), supported by private equity firms Warburg Pincus and Temasek, has announced the acquisition of London-based City Quarter Brokers, an independent broker specializing in complex risks in construction, engineering, and infrastructure sectors. This strategic acquisition is aimed at expanding SRG's wholesale division with the addition of City Quarter Brokers and its expertise, further cementing SRG’s position as a preferred provider in the insurance value chain. This partnership aligns with SRG's goals of delivering sophisticated placement solutions for complex risks and enhancing its platform that supports specialist businesses.
Sectors
- Insurance
- Private Equity
- Construction and Engineering
Geography
- United Kingdom – Both Specialist Risk Group and City Quarter Brokers are London-based, making the UK a central geography for this transaction.
Industry
- Insurance – The acquisition involves companies specializing in insurance brokerage services, specifically dealing with complex and technical risks in sectors such as construction and engineering.
- Private Equity – Warburg Pincus and Temasek, private equity firms, back Specialist Risk Group, indicating significant private equity involvement in the transaction.
- Construction and Engineering – City Quarter Brokers specializes in insurance for construction, engineering, and infrastructure projects, highlighting this industry’s relevance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Specialist Risk Group | Acquirer | Company | An insurance intermediary expanding its wholesale division with the acquisition of City Quarter Brokers. |
| City Quarter Brokers | Target Company | Company | A London-based independent insurance and reinsurance broker specializing in complex risks, established in 2018. |
| Warburg Pincus | Investor | Company | A private equity firm backing Specialist Risk Group. |
| Temasek | Investor | Company | A global investment firm backing Specialist Risk Group. |