Specialist Risk Group acquires HL Suntek Insurance Brokers Pte. Ltd. as part of its Asia Pacific expansion

Oct 15, 2024•9 months ago

Acquiring Company

Specialist Risk Group

Acquired Company

HL Suntek Insurance Brokers Pte. Ltd

London

SingaporeInsuranceInsurtechInsuranceEmployee BenefitsFinancial Services

Description

Specialist Risk Group (SRG) has launched in Asia Pacific and announced the acquisition of HL Suntek Insurance Brokers Pte. Ltd. as a key move in its strategy to build a strong regional presence and serve local markets.

Company Information

Company

Specialist Risk Group

Location

London, England, United Kingdom

About

Specialist Risk Group is a fast-growing, people and culture focused specialist insurance intermediary. Founded in January 2020, it currently employs over 600 people and places premiums of more than £1 billion. The business focuses on specialisms in which it can take a leadership position and has become the natural home for specialist people and businesses.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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