Specialist Risk Group has acquired Capulus, a managing general agent with a particular focus on motor fleet. The MGA is based in Wales and has a team of 21 people. The deal will enhance the capabilities of SRG's MGA pillar, MX.

Lee Anderson, group deputy CEO of SRG, said: “It’s great to welcome Capulus to Specialist Risk Group… Capulus' integration into MX will strengthen our shared culture of excellence and ensure that their clients continue to receive the high level of service they expect, now enhanced by the broader capabilities and resources of SRG.”

Darren Ovenden and Kevin Smith, directors of Capulus, added: “Joining Specialist Risk Group and MX is an exciting new chapter for Capulus. We are proud of what the team has achieved so far and believe that, with SRG’s support, we can take our proposition to the next level.”