IMAS acted as the exclusive financial adviser to The Medical Professional Liability Company Limited (“The MPLC”) on the sale of the business to Specialist Risk Group (“SRG”).
Based in Gibraltar, The MPLC is a leading MGA and Lloyd’s coverholder that has been providing medical professional liability insurance and reinsurance solutions through a network of UK and international brokers for more than 20 years. Specialist cover is provided to a wide range of clients, ranging from national government organisations and associations to large and small healthcare organisations.
SRG is one of the fastest-growing groups of insurance intermediaries in the UK and an IMAS/Insurance Times Top 50 broker. SRG is backed by US middle-market private equity firm HGGC. The MPLC team will join SRG’s MGA business, MX Underwriting, which is nearing its target of handling £100m of GWP. MX Underwriting provides solutions for broker partners and clients internationally, across property, liability, and specialist lines.
IMAS was retained by The MPLC in 2022 to advise the business and its owners on a potential sale. IMAS advised The MPLC on all aspects of the transaction, which is pending regulatory approval. The financial details of the transaction will not be disclosed.