Specialist Risk Group has agreed terms to acquire City Quarter Brokers, which specialises in complex and technical risks within the construction, engineering and infrastructure sector. The deal is subject to regulatory approval. Once complete, City Quarter Brokers will become part of SRG’s wholesale division.

The wholesale division includes brands such as Miles Smith, CBC Partnership, SRI, and TUE.

Lee Anderson, group deputy CEO at SRG, said: "We are thrilled to welcome City Quarter Brokers to SRG. Their strong technical expertise in construction and engineering, combined with a global outlook and a dedication to broker service, is completely aligned with our values."

Rob Walton, CEO of City Quarter Brokers, added: "Joining SRG represents a significant opportunity for our business, our people, and our clients. We’ve built a strong reputation for delivering tailored solutions on technically challenging risks, and SRG’s platform will enable us to expand our reach while staying true to our specialist ethos.”