SRG acquires renewal rights of broker to expand proposition

Specialist Risk Group (SRG) has acquired the ongoing renewal rights of Morton Insurance Brokers as it looks to expands its taxi offering.

Based in London, Morton provides propositions to private hire and taxi businesses throughout the UK.

The business will become part of Specialist Risk Insurance Solutions (SRIS), SRG’s retail pillar, as part of the deal.

SRG said Morton’s expertise in the taxi market complemented its existing capabilities.

For example, Cabsurance, SRIS’s specialist business, is focused on London black cab insurance.

“The integration of Morton into SRIS will create a comprehensive and unrivalled proposition for taxi and private hire operators across the UK,” SRG said.

Footprint

Lee Anderson, SRG group deputy chief executive, added that Morton was a “well-respected name in the private hire and taxi insurance market”.

“This acquisition allows us to further expand our footprint in the UK taxi sector, building on the success of our Cabsurance offering,” he said.

“By bringing together the expertise of Morton and Cabsurance, we can provide even more comprehensive and tailored insurance solutions to taxi operators across the country, ensuring they have the protection and support they need.”

Adrian Morton, managing director at Morton, added: “We are excited to join forces with SRG, a company that shares our commitment to providing exceptional service and specialist expertise.

“This marks an important step for our clients, as we look forward to working with the Cabsurance team to develop a leading taxi proposition for fleets and drivers across the UK.”