GB Underwriting

Deal Type: Disposal

Deal Size: Confidential

Sector: Insurance

About the deal

David Wisbey has advised the owners of GB Underwriting on their sale of the company to insurance intermediary Specialist Risk Group (SRG).

GB Underwriting is a property and liability solutions provider operating in the UK broker market. A key strength of the company is supporting brokers whose clients operate within construction, building and associated specialist trades.

SRG is an integrated group of insurance intermediaries arranging specialist insurance for corporates and individuals operating in the UK and internationally. The group serves over 40,000 end policyholders across multiple lines of business and specialises in creating solutions to challenging risk transfer questions.

David Wisbey, a Partner in the firm’s Commercial and Corporate Finance team, advised on the legal aspects of the sale.

David Wisbey said: “Having worked with James Gerry and the GB Underwriting team for nearly ten years and watched the business grow and thrive, I am very pleased to have assisted them with the sale to Specialist Risk Group. The transaction had its challenges, thanks to Covid-19, but all parties and their advisers worked together to complete a successful deal.”

James Gerry, Executive Chairman, GB Underwriting said: “Transactions like these are surprisingly detailed and complicated. It was a great help to us to know that David and the Birkett Long team were extremely knowledgeable and capable. In addition, David brings with him a wealth of legal M&A experience. We benefitted from that immensely.”