Specialist Risk Group expands taxi insurance presence with key acquisition

Specialist Risk Group (SRG) has bolstered its position in the UK taxi insurance market through the acquisition of Morton Insurance Brokers’ ongoing renewal rights.

This move is the latest in SRG’s strategy to expand its Specialist Risk Insurance Solutions (SRIS) division.

Morton Insurance Brokers, based in London, has been a cornerstone in the UK’s taxi and private hire insurance sector since 1987. Known for its tailored solutions, Morton has built a solid reputation among taxi operators nationwide.

By integrating Morton into SRIS, SRG aims to enhance its existing services, particularly within its Cabsurance business, which specialises in London Black Cab insurance. The combination of Morton’s experience with SRG’s resources is set to offer UK taxi and private hire operators a more extensive range of insurance products and improved support systems.

Lee Anderson, SRG Group Deputy CEO, said: “We are thrilled to acquire the renewal rights of Morton Insurance Brokers, a well-respected name in the private hire and taxi insurance market. This acquisition allows us to further expand our footprint in the UK taxi sector, building on the success of our Cabsurance offering. By bringing together the expertise of Morton and Cabsurance, we can provide even more comprehensive and tailored insurance solutions to taxi operators across the country, ensuring they have the protection and support they need.”

Adrian Morton, Managing Director of Morton Insurance Brokers, said: “We are excited to join forces with Specialist Risk Group, a company that shares our commitment to providing exceptional service and specialist expertise. This marks an important step for our clients, as we look forward to working with the Cabsurance team to develop a leading taxi proposition for fleets and drivers across the UK.”