Specialist Danger Group (SRG), the London-based insurance coverage middleman, introduced it should purchase the property of Ecclesia Group in The Netherlands and Belgium – a transfer that may see seven companies and 700 new colleagues throughout the 2 nations be part of SRG.
Monetary particulars of the transaction weren’t disclosed.
Ecclesia Group is Germany’s largest insurance coverage dealer for firms and establishments. Famend for its experience in industrial and specialist insurance coverage options, Ecclesia delivers modern threat options throughout Europe, putting roughly €3 billion every year into the worldwide insurance coverage markets.
SRG stated the acquisition marks a big step in its worldwide progress technique and its first in mainland Europe, following its launch in Asia Pacific in 2024. Final yr, SRG introduced 12 acquisitions and likewise accomplished a spherical of refinancing, welcoming Warburg Pincus and Temasek as majority shareholders.
Along with the acquisition, Ecclesia Group will be part of Warburg Pincus and Temasek as shareholders of SRG. This distinctive funding construction establishes a long-term partnership between SRG and Ecclesia Group, permitting each organizations to collaborate strategically whereas setting their sights on progress alternatives in Europe and past.
As a part of the partnership, Ecclesia Group CEO Jochen Körner will be part of the SRG board as a non-executive director, bringing his intensive experience to help SRG in its subsequent chapter.
“This transformative partnership is a pivotal second for SRG as we proceed to develop our capabilities and attain. Welcoming 700 new colleagues throughout Europe doubles our headcount, marking a big step in our worldwide growth and additional enriching our specialist capabilities,” based on Warren Downey, group CEO of SRG.
“We’re delighted to enter into this distinctive partnership with SRG, a enterprise that shares our dedication to specialist experience and consumer service,” commented Körner. “This partnership permits us to deal with strengthening our place within the German market whereas our worldwide property contribute to SRG’s worldwide progress journey.”
Supply: Specialist Danger Group
Subjects
Mergers & Acquisitions
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