SRS to spice up captive administration capabilities with Robus deal

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 provides a collection {of professional} administration choices to numerous entities throughout the insurance coverage sector.

The deal, which is awaiting regulatory approval, is aimed toward reinforcing SRS’ place as one of many main captive administration firms in Europe.

It marks a big step for SRS Europe as the corporate continues to develop into new territories.

SRS serves a various clientele, starting from single mother or father captives to advanced industrial insurers and reinsurers.

The corporate’s world footprint extends to Barbados, Bermuda, Canada, the Cayman Islands, Latin America, South Africa and the US.

SRS Europe CEO Peter Little one mentioned: “Robus coming over to SRS makes nice sense as a result of we share a lot in our philosophies that pertain to our shoppers and the trade as an entire.

“I’m thrilled to welcome Steve Quinn and his Robus colleagues to our group and am assured that this relationship will give us an excellent stronger platform from which to ship our best-in-class insurance coverage administration companies.”

The combination of Robus Group’s experience is alleged to bolster SRS’ choices, offering shoppers with enhanced threat administration methods.

Robus Group govt chairman Steve Quinn mentioned: “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 can stay an necessary buying and selling accomplice.”

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