It seems that Specialist Risk Group is on a roll. Having recently announced its acquisition of Insolvency Risk Services (IRS), it has now established three strategic partnerships as it looks to bolster that offering.
With IRS providing accounting firms and insolvency practitioners with insurance support for companies in administration, it has firstly established a relationship with MS Amlin as its insurance capacity partner. The specialty insurer will provide expanded capacity through an exclusive long-term agreement – it is described as one of the most substantial “open cover” and bond offerings in the industry.
“We are pleased to continue to provide market leading specialist insurance capacity for companies in administration through Insolvency Risk Services,” said MS Amlin chief underwriting officer Mark Clements. “Our trust in the specialists at IRS under the leadership of Specialist Risk Group is a very solid foundation for the next stage of our work together.”
Meanwhile, additional partnerships have been formed with LIVA and Aryza. LIVA will act as the firm’s M&A insurance partner – the specialist insurance broker will provide a range of M&A insurance services such as tax, title, litigation, environmental, contingent risk insurance, intellectual property and warranty and indemnity. Aryza will work with the firm as a technology acceleration partner to better connect the provision of insurance to mutual customers and to modernise the delivery of insurance solutions.
“These three partnerships expand the quality and depth of our offering to companies in administration and their advisors,” said IRS managing director Adam Loveitt. “We look forward to delivering an excellent and expanded service for our clients in the coming days.”
