Specialist Risk Group (SRG) has agreed to acquire Kennett Insurance & Risk Management, subject to regulatory approval.

The transaction forms part of SRG's expansion across the North of England and its broader UK retail platform strategy.

Kennett operates from offices in Hull and Leeds. The acquisition will add local presence and experienced teams to SRG's regional footprint.

Kennett has established operations across multiple sectors including construction, manufacturing, property, motor fleet, motor trade, logistics, and the service sector. The firm also serves niche areas and community sectors.

Following completion, Kennett will join SRG's UK Retail pillar. Clients will continue to be supported by the existing Kennett team, with access to SRG's wider resources.

Read more: SRG announces acquisition of Lockton Wholesale team

Lee Anderson, group deputy CEO of Specialist Risk Group, said the acquisition represents "another important step in the continued development of our UK retail business in the North of England." He noted that Kennett's team brings expertise in sectors relevant to SRG's operations.

Daniel Schofield (pictured above), managing director of Kennett Insurance & Risk Management, said the move marks "an exciting next chapter" for the firm. He cited SRG's focus on people and long-term growth as factors in the decision.

Schofield added that the partnership allows Kennett to maintain its client focus while gaining access to the scale and resources of a larger group.

Read more: Specialist Risk Group to acquire City Quarter Brokers

The Kennett deal is the latest in a series of transactions for SRG. In October 2025, the group acquired a wholesale team from Lockton, led by Shelley Wright, as part of efforts to strengthen its London Market capability.

That team was integrated with Miles Smith to create a combined unit aimed at enhancing SRG's wholesale offering across its businesses, including CBC Partnership and The Underwriting Exchange.

SRG also agreed to acquire London-based City Quarter Brokers, which specialises in complex risks within construction, engineering, and infrastructure sectors. City Quarter joined SRG's Wholesale division, with the group citing improved capacity to deliver placement solutions for complex risks across global markets.