Specialist Risk Group makes three more strategic partnerships for Insolvency Risk Services

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The strategic partnerships follows SRG’s new acquisition of Insolvency Risk Services

Specialist Risk Group (SRG) has made three more strategic partnerships for its newest acquisition Insolvency Risk Services (IRS).

These include MS Amlin as capacity partner, Aryza as technology acceleration partner and LIVA as its M&A insurance partner.

These partnerships are aimed at expanding the IRS offering.

Adam Loveitt, IRS managing director, said: “These three partnerships expand the quality and depth of our offering to companies in administration and their advisors.

”We look forward to delivering an excellent and expanded service for our clients in the coming days.”

IRS serves the needs of accounting firms and insolvency practitioners across the UK and Ireland as they provide insurance support for companies in administration.

Meanwhile, Warren Downey, chief executive at SRG, said: “Hot on the heels of our announcement regarding the acquisition of IRS we are very pleased to develop our unique offering to this important segment through these strategic partnerships.”

Extended capacity

Global specialty insurer MS Amlin has agreed with SRG to provide expanded capacity for the provision of insurance for companies that go into administration, and the long-term agreement is exclusive to IRS and is given on a delegated authority basis.

Mark Clements, MS Amlin chief underwriting officer – performance director specialty insurance, MS Amlin Underwriting Ltd, said: “We are pleased to continue to provide market leading specialist insurance capacity for companies in administration through Insolvency Risk Services.”

Better connected

SRG is also partnering with provider of case management software Aryza for corporate and personal insolvency practitioners in the UK and Ireland.

Aryza will become SRG’s technology acceleration partner.

The partnership will work to better connect the provision of insurance to mutual customers.

Its intentions for this agreement is that it has the potential to substantially modernise and digitise the efficient delivery of insurance solutions and represent a unique differentiator in the market to both firms.

Chris Carter, Aryza chief financial officer said, “We look forward to working with SRG to pioneer new routes to market in the insolvency sector.”

Assets and new ventures

SRG will also work closely with specialist insurance broker in the M&A sector – LIVA Partners.

LIVA provides a range of M&A insurance services including Warranty and Indemnity (W&I), tax, title, environmental, litigation, intellectual property and contingent risk insurance.

It hopes that through coordinating LIVA and IRS offerings to the insolvency sector accountants, insolvency practitioners and their clients can be supported for all M&A insurance needs. For example, as assets are transferred, and new ventures are launched.

Alan Hands, managing director at LIVA, said: “We are delighted to partner with Specialist Risk Group following their acquisition of Insolvency Risk Services.

“Together we offer a complete suite of services to actors in this segment and look forward to working together and with our mutual clients.”