Tysers’ Credit & Political Risk re/insurance team to join SRG

Tysers, an independent Lloyd’s broker and member of the Australian AUB Group, and Specialist Risk Group (SRG) have reached an agreement for Tysers’ Credit & Political Risk re/insurance team to join SRG.

The goal of this agreement is for the Credit & Political Risk team to move from Tysers to SRG, bringing their market-leading expertise, strong insurer relationships, and outstanding service track record.

This move follows a strategic review by Tysers of the go forward focus of its business during which SRG was identified as the ideal long-term home for this team and its clients.

Both Tysers and SRG want to ensure their clients that they will continue delivering their “best-in-class servicing”. The companies are collaborating in such a way that all Tysers’ clients will continue to be served by the existing team at Tysers until such time each client agrees to the transition.

Ultimately, agreement is expected to facilitate a smooth transition for clients by transferring all existing policies, ongoing transactions, and claims activity to SRG.

Tom Wilson, CEO of Tysers, stated: “The decision by Tysers to move away from this area of specialism was made easy by SRG’s willingness to accommodate our world class team and their commitment to invest for the future. All clients are in the process of being contacted directly and reassured of our joint effort to provide continuity and minimum disruption.”

Warren Downey, Group CEO of Specialist Risk Group, commented: “This is an exciting step forward for SRG and a further clear demonstration of our ambition to build a home for exceptional specialist talent. John and his team have a first-class reputation in the market, and we are proud to welcome them to SRG.”

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