Specialist Risk Group has announced (23 July 2024) it has agreed to acquire specialist property and casualty MGA, Trilogy Underwriting.
Trilogy is SRG’s second acquisition to join their Underwriting pillar, MX, in 2024. MX’s acquisitions to date include Tristar Special Risks, The MPLC, CLS Risk Solutions, Blackrock Insurance Solutions, and GB Underwriting.
Formed in 2013, Trilogy Underwriting specialises in property and casualty business, supporting a select panel of wholesale and retail brokers across the UK. Led by Managing Director Chris Blackwell, Trilogy has delegated underwriting authority from major insurers with a minimum of A-rated security.
Lee Anderson (pictured), SRG Group Deputy CEO, said, “We are thrilled to welcome Chris and the Trilogy team to MX. Trilogy will help us expand our footprint at pace in the London Market while supporting wholesale and retail brokers, and their clients. The Trilogy team also enhances our specialist underwriting capability and access to the London Market’s area of expertise.”
Chris Blackwell, Trilogy Underwriting Managing Director, added, “Joining the MX pillar of Specialist Risk Group brings significant opportunities and benefits for our broker partners and the members of the Trilogy team. The enhanced scale and collective experience of MX will enable us to further develop our offering and ensure we continue to support our broker partners with complex property and casualty risks. I am looking forward to working with Lee, Ian Cook, and the wider MX team to enhance the specialist London Market offering available within MX. I would like to go on record to thank Resolution Underwriting for their support over the last few years, they have played a key role in the Trilogy journey, and I have very much enjoyed working with them.”
