Specialist Risk Group snaps up specialist broker in first deal of 2023

Specialist Risk Group (SRG) has today (4 January 2022) acquired Fleet and Commercial Insurance Brokers, subject to regulatory approval.

Fleet and Commercial, which was established in 2011 and is based in Oxfordshire, offers a variety of products including public and employers’ liability, property owners and professional indemnity insurance.

The broker will become part of SRG’s retail division – Specialist Risk Insurance Solutions (SRIS) – as part of the move, led by managing director Oliver Thorne.

Fleet and Commercial’s company directors Tony McLeman and Tom West will continue to lead the business, while fellow company director Alex Thomas will retire. 

The next phase

Lee Anderson, deputy chief executive at SRG, said: “Fleet and Commercial is a leader in its field with a culture very much aligned to ours, which will add tremendous value to our existing motor capability. They are an ambitious, forward-thinking business and we are looking forward to working together in the future.

“On the back of an outstanding year of organic growth in 2022, SRIS is in a great position and poised to go from strength to strength and I know the Fleet and Commercial team will play a significant contribution to achieving our goals.”

McLeman added: “Today marks the start of an exciting new chapter for us all at Fleet and Commercial. SRG is a natural partner for us as we enter our next phase of growth. It shares the same principle of being a high-growth, people and culture focused business.

“I would like to thank my colleagues for the effort they have put in to making Fleet and Commercial what it is today. We are all looking forward to our success continuing as part of Specialist Risk Group.”