What's Happening?
Specialist Risk Group (SRG), a London-based insurance intermediary, has announced the formation of a new team within its International division. This team is tasked with coordinating insurance placements for UK subsidiaries of overseas corporations, providing access to the London market and UK capacity. The initiative aims to align local UK compliance and service needs with parent-company program requirements, facilitating consistent outcomes for UK-based entities. The team will offer single-point coordination for UK subsidiary placements, specialist access to the London Market, and tailored governance, compliance, and claims support.
Why It's Important?
The launch of this international team by SRG is significant as it strengthens the connection between overseas brokers and the UK insurance market. By providing a streamlined process for accessing UK capacity, SRG is enhancing the ability of global corporations to manage their insurance needs effectively. This move is expected to benefit overseas brokers by offering a reliable UK partner that understands local execution aligned with global intent. The initiative could lead to increased business for UK carriers and the London market, reinforcing London's position as a key hub for international insurance transactions.
