Specialist Risk Group has agreed to acquire Kennett Insurance and Risk Management, strengthening its UK retail presence across the North of England.

Kennett Insurance and Risk Management adds expertise across the services, construction, manufacturing, property, motor fleet, motor trade and logistics sectors.

Following completion, Kennett will join Specialist Risk Group’s UK retail pillar, supporting the group’s approach of building specialist, locally-led businesses within a wider national and international platform.

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 and 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.”

The acquisition is subject to the usual regulatory approvals.

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