Specialist Risk Group has acquired Newcastle-based MGA Generation Underwriting from WF Risk Group. The business will become part of MX, SRG’s underwriting pillar, and will further expand its nationwide property, liability & fleet offer for brokers.

Generation Underwriting is a UK-based MGA that partners exclusively with brokers across the regions in the SME and mid-market space. Its portfolio includes commercial combined, property owners, fleet, and contractors all risks products, provided through both e-trade and traditional underwriting.

Lee Anderson, group deputy CEO at Specialist Risk Group, said: “Generation Underwriting epitomises the kind of specialist underwriting talent we celebrate in MX. Greg and his team bring complementary expertise in construction and property-owners’ and their values and focus on delivering for brokers across the UK make them a natural fit for MX as we continue to build a best-in-class property, fleet, and liability proposition. We’re delighted to welcome them to SRG and to partner with Richard and WF Risk Group on a seamless transition.”

Greg Wilde, managing director of Generation Underwriting, added: “Joining SRG’s MX pillar marks an exciting new chapter for Generation. Our philosophy has always centred on building local relationships, providing swift service and offering flexible wordings. With SRG’s investment and market reach, we can enhance these strengths for our broker partners while maintaining the same people, values and decision-making agility that define our business.”