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Captive supervisor SRS has agreed to purchase Ardonagh Group-owned Robus Group for an undisclosed quantity.
Robus, a captive and insurance coverage administration group, has operations in Guernsey and Gibraltar.
It affords a collection {of professional} administration choices to numerous entities inside the insurance coverage sector.
The deal, which is awaiting regulatory approval, is geared toward reinforcing SRS’ place as one of many main captive administration corporations in Europe.
It marks a big step for SRS Europe as the corporate continues to broaden into new territories.
SRS serves a various clientele, starting from single father or mother captives to advanced business insurers and reinsurers.
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The corporate’s international footprint extends to Barbados, Bermuda, Canada, the Cayman Islands, Latin America, South Africa and the US.
SRS Europe CEO Peter Baby stated: “Robus coming over to SRS makes nice sense as a result of we share a lot in our philosophies that pertain to our purchasers and the trade as a complete.
“I’m thrilled to welcome Steve Quinn and his Robus colleagues to our crew and am assured that this relationship will give us an excellent stronger platform from which to ship our best-in-class insurance coverage administration providers.”
The mixing of Robus Group’s experience is claimed to bolster SRS’ choices, offering purchasers with enhanced danger administration methods.
Robus Group govt chairman Steve Quinn stated: “Becoming a member of a enterprise that’s famend for its specialist insurance coverage administration options is the pure subsequent step within the improvement of our enterprise.
“Robus has been on a exceptional journey over the previous few years with Ardonagh, which is able to stay an essential buying and selling companion.”
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