Our parent company, Specialist Risk Group (formerly known as Specialist Risk Investments Limited), can trace its origins back to 1925.
In 2018, Pollen Street Capital, a Private Equity company, bought the majority shareholding in the formerly known, Miles Smith Insurance Group. Then, in 2019, Pollen Street Capital purchased The Underwriting Exchange and LIME as a sister company to Miles Smith. They also set up a holding company named Specialist Risk Investments Limited (now known as Specialist Risk Group) to group the companies together. Later in 2019, Specialist Risk Group acquired Square Mile Broking and David Codling and Associates, to further enhance their retail business portfolio.
In July 2020, Specialist Risk Insurance Solutions was formed by merging specialist insurance brokers Miles Smith Insurance Solutions, Square Mile Broking, The Underwriting Exchange Special Risks Division and David Codling and Associates.
Specialist Risk Group currently employ 330 staff, 100 of whom work directly for Specialist Risk Insurance Solutions. Combining our history in our previous brands with our future strategy, we drive real value for our clients through the specialist insurance advice we provide to protect their business.
Our expert team have fantastic relationships in the insurance market, including Lloyd’s of London, allowing us to secure strategic relationships with leading insurers, which enables us to develop and provide market-leading insurance products on the most competitive terms for our clients.
We are extremely excited for our future as Specialist Risk Insurance Solutions.
As a Group, it is our goal to become a top 20 broker in the UK. Each year, we continue to move up the ranks of the Insurance Times Top 50 Brokers list. We have gone from #44 in 2018 to #36 in 2019 to #31 in 2020. We look forward to seeing this increase in coming years.
We look forward to continue growing as a business, both organically and through targeted M&A to further deepen and broaden our service offering over the coming years.
Our parent company, Specialist Risk Group, is a fast-paced and ambitious insurance broker, based in the City of London. The Group is split into four business units, providing a bespoke service to our unique markets and clients. Specialist Risk Insurance Solutions form one of these business units – the Specialty Clients division and the others are: Miles Smith – UK Speciality Broking, TUE – International Specialty Broking and SR Underwriting Solutions – Specialty Underwriting.
Being part of the Group allows us to access specialist products and the Lloyd’s of London market through the other business units. This means we can provide our clients with a truly unique service and offer a range of exclusive benefits.
At Specialist Risk Group, we are governed by our mantra “Difficult. Done Well.”. We specialise in crafting solutions for specialist insurance needs that other companies actively avoid and solve problems for clients that other brokers cannot solve. We take a people first approach that empowers our staff and enables them to respond quickly to clients. Our people are offered valuable learning and development opportunities and ultimately, we aim to create an environment where we enjoy coming to work. We believe this means our people will always provide an outstanding service to our clients.
Our ‘people first’ culture means we invest heavily in the training and development of our employees, ensuring they are well equipped and more than capable to deal with any queries or concerns you may have.
Whether you are working with our technical insurance experts, claims experts or industry experts, you can be sure that you are in safe hands.
We are committed to providing our clients with market-leading insurance products, on competitive terms across a diverse range of key industry segments.
We will become your trusted advisor on all aspects of risks that your business faces. Our expert team will work closely with you to tailor a bespoke policy to protect your business and provide ongoing intelligent risk management advice to further mitigate and reduce the risks your business faces.
SENIOR MANAGEMENT TEAM
"We have dedicated loss adjusters and risk engineers/surveyors who are available to us 24/7 and, in case of Employers' Liability claims, there is an early dialogue to agree the best course of action in respect of defensibility or, in some cases, an agreement to the Liability claim."
"When large/complex claims occur, Specialist Risk are right alongside us. This was typified when a significant fire affected one of our sites several years ago. The business interruption claim alone totalled several million pounds but Miles Smith Insurance Solutions, now Specialist Risk Insurance Solutions settled the claim within a 2-month period, meaning the impact on our business was minimised and flexibility retained."
“We were with the same insurer that we were before, but the service is better because of the broker. In addition, when we appointed Miles Insurance Solutions (now Specialist Risk Insurance Solutions), we were already in a long-term agreement with the insurer, but they were able to renegotiate the agreement and provided us with considerable cost savings.”
Chelmsford Star Cooperative
In 2020, HGGC, a private equity fund manager, acquired the majority shareholding in Specialist Risk Group.
HGGC are relationship investors with operating backgrounds who seek to build differentiated middle-market businesses. They invest in companies that they believe have leading competitive positions in defensible markets where they can add value via their operating skills and relationships, focusing on sectors such as Financial Services and Business Services.
HGGC have 198 portfolio investments, with a total of $5.4 billion cumulative commitments. They seek to leverage their investor-operator skillsets and deep multi-sector networks to develop preferred partner relationships that encourage alignment of interests as they work to drive positive outcomes that lead to strong references and enhanced networks.
We benefit from the support provided by HGGC in reaching our growth targets and providing an exceptional service to our clients.