Specialist Risk Group (SRG), a growing specialist insurance intermediary, has agreed to acquire Kennett Insurance & Risk Management, subject to regulatory approval.
The acquisition represents a further step in SRG’s expansion across the North of England.
Kennett operates from offices in Hull and Leeds, bringing local presence that will deepen SRG’s footprint in the region.
Kennett has expertise across complementary industries in traditional fields including the service sector, construction, manufacturing, property, motor fleet, motor trade and logistics complemented by a number of niche areas and community sectors.
These areas align with SRG’s existing specialist focus and further enhance the breadth and depth of its UK Retail offering.
Following completion of the takeover, Kennett will join SRG’s UK Retail pillar, supporting the strategy of building specialist, locally led businesses within a broader national and international platform.
Clients will continue to be supported by the existing Kennett team, while benefiting from access to SRG’s wider expertise and resources.
Lee Anderson, group deputy CEO of Specialist Risk Group, said: “The acquisition of Kennett Insurance is another important step in the continued development of our UK Retail business in the North of England.
“We are deliberately building scale rooted in specialism, strong regional presence, and high quality teams.
“The Kennett team brings expertise in sectors that matter to SRG and a team whose values and approach align closely with our own. We are delighted to welcome them to the group.”
Daniel Schofield, managing director of Kennett Insurance & Risk Management, added: “Joining Specialist Risk Group marks an exciting next chapter for Kennett. SRG’s commitment to people and long-term growth makes it a natural home for our business and our clients.
“This partnership allows us to retain our client focus, while benefiting from the scale, support, and opportunities that come with being part of a wider group.”
