SRG acquires Generation Underwriting from WF Risk Group

By Ryan Hewlett

July 3 - (The Insurer) – Expansive intermediary Specialist Risk Group (SRG) has announced the acquisition of Newcastle-based MGA Generation Underwriting from WF Risk Group.

The business will become part of MX, SRG’s underwriting pillar, and will further accelerate the build-out of a compelling nationwide property, liability and fleet proposition for brokers.

Generation Underwriting is a UK-based MGA that partners exclusively with brokers across the regions in the SME and mid-market space.

Its portfolio spans commercial combined, property owners, fleet and contractors all risks (CAR) products, delivered through a blend of e-trade and traditional underwriting.

SRG said in a statement on Wednesday that the acquisition complements MX’s existing appetite and will provide brokers across the UK with an expanded, and more comprehensive range of Property, Fleet, and Liability solutions.

Lee Anderson, group deputy CEO at SRG, noted that Generation Underwriting epitomises the kind of specialist underwriting talent that MX is seeking to partner with.

“Greg and his team bring complementary expertise in construction and property-owners’ and their values and focus on delivering for brokers across the UK make them a natural fit for MX as we continue to build a best-in-class property, fleet, and liability proposition,” he said.