Specialist Risk Group Completes Acquisition of Ecclesia's Dutch and Belgian Operations
Deal News | Aug 04, 2025 | Re-Insurance News
Specialist Risk Group (SRG), an insurance industry intermediary, has finalized its acquisition of the operations of German broker Ecclesia in the Netherlands and Belgium, a move initially declared in January 2025. This acquisition marks SRG's formal incursion into mainland Europe, with the integration of businesses including BS&F, Concordia, Ecclesia BV, among others. These acquired entities are recognized leaders within their fields and will form the basis for SRG's European expansion ambitions. Ecclesia has now also joined SRG's investor group alongside Warburg Pincus, Temasek, and the SRG management team, indicative of a shared aspiration to develop a leading international insurance intermediary. SRG CEO Warren Downey expressed enthusiasm for the transaction, emphasizing the depth of expertise and local market knowledge the new teams bring to SRG. Ecclesia's CEO Jochen Krner supported this sentiment, acknowledging the completion of the transaction and the opportunities it holds for all entities involved.
Sectors
- Insurance
- Finance
Geography
- Netherlands – One of the countries where Ecclesia's operations have been acquired by Specialist Risk Group.
- Belgium – Another key country involved in the acquisition, housing part of Ecclesia's operations now under SRG.
- Germany – The home country of Ecclesia, the seller in this acquisition.
Industry
- Insurance – The article pertains to the acquisition involving Specialist Risk Group, an insurance intermediary, acquiring Ecclesia's insurance operations in the Netherlands and Belgium.
- Finance – The involvement of private equity firms such as Warburg Pincus and Temasek highlights the financial aspects of the acquisition and investment in the insurance sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Specialist Risk Group (SRG) | Acquiring Company | Company | An insurance industry intermediary acquiring Ecclesia's Dutch and Belgian operations. |
| Ecclesia | Target Company | Company | A German insurance broker whose Dutch and Belgian operations are acquired by SRG. |
| Warburg Pincus | Investor | Company | Part of SRG's investor group, a private equity firm. |
| Temasek | Investor | Company | Another private equity firm involved as an investor in SRG. |
| Warren Downey | Group CEO | Person | Group Chief Executive Officer of Specialist Risk Group. |
| Jochen Krner | CEO/Non-Executive Director | Person | CEO of Ecclesia and Non-Executive Director at SRG. |