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Eversheds Sutherland advises Specialist Risk Group (SRG) on its agreed acquisition of Insolvency Risk Services (IRS)

  • Global
  • United Kingdom

    01-07-2020

    Eversheds Sutherland has advised Specialist Risk Group (SRG), the fast-growing specialist insurance broker backed by Pollen Street Capital, on its agreement to acquire Insolvency Risk Services (IRS), a division of MS Amlin.

    SRG is also the owner of Miles Smith, The Underwriting Exchange, Square Mile Broking and David Codling and Associates.

    IRS serves the needs of accounting firms and insolvency practitioners across the UK and Ireland by providing insurance support for companies in administration.

    The Eversheds Sutherland team was led by Partner Paul Pugh and Senior Associate Owen Llewelyn (both corporate/M&A). The wider team included: Partners Eve England (commercial), Huw Jones (employment), Colin Askew (tax), Senior Legal Consultant Kerry Boyle (insurance), and Associates Zoe Haden (commercial), Anjali Nanda (employment) and Matt Cummings (tax).

    The acquisition is subject to regulatory approval.

    Paul Pugh, Eversheds Sutherland’s Client Partner to Specialist Risk Group, said:

    “We’re delighted to have supported Pollen Street Capital and SRG on this matter, drawing on our comprehensive knowledge and experience of the insurance market to secure the best results for our client. We look forward to continuing to support the team on future matters.”

    Charlie Love, CFO of Specialist Risk Group, said:

    “IRS is an exciting addition to SRG, further enhancing SRG’s position as one of the most dynamic and fast-growing insurance distribution platforms in the European market. As a firm we strive to do the difficult well and having Eversheds Sutherland as our legal advisor in transactions such as these only enhances that capability.”

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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