Specialist Risk Group (SRG), the insurance intermediary, has acquired the ongoing business of Carriagehouse.
Established over three decades ago, Carriagehouse plays a key role in supporting the equestrian industry by providing a wide range of specialist products, including, policies for horses and donkeys, horseboxes and horse trailers, carriages and harness and commercial carriage drivers.
In addition, Carriagehouse’s offering complements SRG’s existing equestrian business, KBIS, who joined forces with the firm in January 2021.
Lee Anderson, SRG Group Deputy CEO, commented on the acquisition: “This is a great deal for SRG and reinforces our commitment to investing in specialist sectors across the UK and internationally. KBIS are leaders in the equestrian industry and the addition of the Carriagehouse book will enable them to support a more diverse client base within this specialist sector.”
Fiona Gordon-Clarke, Carriagehouse Director, said: “I am excited by this deal and am looking forward to further supporting our Carriagehouse clients as they move over to KBIS. It is important to me that our clients continue to receive the high level of service and specialist coverage they have come to expect. The synergy between our teams and the comprehensive range of equestrian insurance products that KBIS offers, in addition to those developed by Carriagehouse, will ensure this going forward.”
SRG has made a number of acquisitions across the sector within recent months.
If you recall, the firm acquired Tristar Special Risks, the political violence specialist, in early July, and also agreed to acquire specialist schemes broker, Strategic Insurance Services Limited (SISL) in late June, subject to regulatory approval.
