SRS Group of Companies

What SRS Group of Companies does

SRS Group of Companies is an independent (re)insurance wholesale broker and Managing General Agent (MGA) headquartered at 3 Mitropoleos Street, Athens, Greece. The group is composed of two wholly-owned operating subsidiaries: SRS Wholesale (Re)Insurance Brokers S.A., which places business in the open market as an intermediary between retail brokers and insurers, and Special Risk Solutions (SRS) Underwriting Agency MGA S.A., which underwrites on behalf of capacity providers with binding authority to price, bind, appoint retail agents, and settle claims. The business is strictly B2B and never B2C.

The company offers nine specialty insurance lines: Casualty, Professional Indemnity, Financial Lines, Marine, Medical Liability, Political Violence and Special Risks, Cyber Liability, Energy/Constructions/Environment, and Other Products (Property, Aviation, Event Covers, Personal Accident, Warranty & Indemnity, and Facultative Reinsurance). Underwriting capacity is supplied by (re)insurers rated minimum A by Standard & Poor's, with defined limits including General Liability at €20M per occurrence, Cyber Liability at €5M per occurrence and aggregate, Terrorism Liability at €10M per occurrence and aggregate, and Terrorism Property at €10M sum insured.

Revenue is generated through commissions on wholesale placements and through underwriting fees plus profit commissions on MGA-bound business. The company distributes exclusively through retail insurance brokers who source the underlying risks, with no proprietary technology platform described in source materials and no AI/ML capabilities disclosed. SRS is authorized and regulated by the Athens Chamber of Professionals and the Bank of Greece (Department of Supervision of the Private Insurance Sector). In 2023, the firm was acquired by Ardonagh Group, one of the largest independent broking and underwriting groups in the UK, providing access to broader capacity panels and a global distribution footprint.

Name

SRS Group of Companies

Legal name

SRS WHOLESALE (RE)INSURANCE BROKERS SINGLE MEMBER S.A.

Website

https://srsgroupofcompanies.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

SRS Group of Companies is an Athens-based independent (re)insurance wholesale broker and Managing General Agent, operating exclusively B2B. It serves retail insurance brokers with nine specialty lines and A-rated underwriting capacity, and is owned by Ardonagh Group since 2023.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage and MGA Underwriting

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Wholesale insurance brokerage
• Reinsurance intermediation
• Managing general agent services
• Specialty insurance underwriting
• Professional indemnity coverage

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Wholesale Brokerage Services: SRS Wholesale (Re)Insurance Brokers S.A. places business in the open market as a wholesale broker, earning commissions from insurers for placing risk.
2. MGA Underwriting Services: Special Risk Solutions (SRS) Underwriting Agency MGA S.A. underwrites on behalf of capacity providers, earning underwriting fees and profit commissions.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

SRS Group of Companies is an Athens-based wholesale (re)insurance broker and Managing General Agent (MGA) operating two entities: SRS Wholesale (Re)Insurance Brokers S.A. places retail-broker business into the open market as a wholesale broker, while Special Risk Solutions (SRS) Underwriting Agency MGA S.A. underwrites on behalf of A-rated capacity providers with binding authority. The firm serves retail insurance brokers and commercial clients across casualty, professional indemnity, financial lines, marine, medical liability, political violence/special risks, cyber liability, energy/constructions/environment, and other specialty lines.

Product overview

SRS Group of Companies is an independent insurance and reinsurance wholesale broker and Managing General Agent (MGA) based in Athens, Greece, consisting of two entities: SRS Wholesale (Re)Insurance Brokers S.A. and Special Risk Solutions (SRS) Underwriting Agency MGA S.A. The company operates exclusively B2B, providing insurance professionals with access to specialized products across ten core lines: Casualty, Professional Indemnity, Financial Lines, Marine, Medical Liability, Political Violence and Special Risks, Cyber Liability, Energy/Constructions & Environment, and Other Products (Property, Aviation, Events, Personal Accident, Warranty & Indemnity, Facultative R/I). The underwriting capacity is supported by (re)insurance providers holding a minimum A rating from Standard & Poor's (S&P), with defined capacity limits including General Liability (€20M per occurrence), Cyber Liability (€5M per occurrence/aggregate), Terrorism Liability (€10M per occurrence/aggregate), and Terrorism Property (€10M sum insured). In 2023, SRS became part of the Ardonagh Group, one of the largest independent broking and underwriting groups in the UK.

Differentiator

Problem solved

Functional benefit

Products and services

• Casualty Insurance Casualty insurance covering third-party liability, products liability, employer's liability, pollution liability, incidental professional indemnity, security companies liability per EU Directive, and product recall. Placed by SRS Wholesale or underwritten by SRS MGA for retail brokers and their commercial clients.
• Professional Indemnity Professional liability coverage for lawyers, accountants, architects, engineers, miscellaneous professionals, and single-project professional indemnity insurance, placed via SRS Wholesale and underwritten via SRS MGA.
• Financial Lines Financial lines coverage including Directors' & Officers' Liability, Crime Insurance, Banker's Blanket Bond (BBB), and Investment Management Insurance (IMI), placed via SRS Wholesale and underwritten via SRS MGA.
• Marine Insurance Marine insurance covering Marine Liability/Cargo Liability, Ports & Terminals Insurance, and Ship Repairers Liability, placed via SRS Wholesale and underwritten via SRS MGA.
• Medical Liability Medical malpractice coverage for physicians, surgeons, hospitals, allied healthcare professionals, plus pharmaceutical liability and clinical trials coverage, placed via SRS Wholesale and underwritten via SRS MGA.
• Political Violence and Special Risks Special risk coverage including Terrorism Liability, Terrorism Property, and Kidnap & Ransom (K&R) insurance, placed via SRS Wholesale and underwritten via SRS MGA.
• Cyber Liability Protection against digital threats including data breaches and cyber hacks, covering first-party and third-party financial and reputational costs. Placed via SRS Wholesale and underwritten via SRS MGA.
• Energy, Constructions & Environment Coverage for upstream and downstream energy operations, environmental impairment liability, project-specific policies, and Contractors' All Risks (C.A.R.) insurance, placed via SRS Wholesale and underwritten via SRS MGA.
• Other Specialty Products Additional coverage including Property insurance, Aviation Liability, Event Covers (Liability & Cancellation), Personal Accident, Warranty & Indemnity, and Facultative R/I programs, placed via SRS Wholesale and underwritten via SRS MGA.
• SRS MGA Underwriting Capacity (General Liability, Cyber Liability, Terrorism Liability, Terrorism Property) MGA binding-authority underwriting capacity: General Liability up to €20,000,000 per occurrence (Commercial GL, Accidental Pollution, Products, Employer's Liability, Incidental PI, Environmental Impairment, Security Companies/EU Directive, Ship Repairers Liability, Project Policies); Cyber Liability up to €5,000,000 per occurrence and annual aggregate; Terrorism Liability up to €10,000,000 per occurrence and annual aggregate; Terrorism Property up to €10,000,000 sum insured.
• SRS Wholesale (Re)Insurance Brokers S.A. Wholesale broker entity that places business in the open market, acting as an intermediary between retail brokers and insurers without contact with the insured. Earns commissions from insurers for placing risk.
• Special Risk Solutions (SRS) Underwriting Agency MGA S.A. Managing General Agent (MGA) that underwrites on behalf of capacity providers, vested with underwriting authority to bind coverage, underwrite and price policies, appoint retail agents, and settle claims. Earns underwriting fees and profit commissions from capacity providers.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• Amwins: Large independent wholesale distributor of specialty insurance and MGA operator with binding authority across many niche lines. Comparable wholesale/MGA model with retail broker distribution.
• Burns & Wilcox: Specialty wholesale insurance broker and MGA focused on excess & surplus and specialty lines delivered to retail brokers. Comparable in go-to-market (B2B-only, retail broker channel) and product breadth.
• CRC Group: US-headquartered wholesale insurance broker and MGA operating both placement and binding-authority models across specialty lines. Highly comparable to SRS as a dual wholesale-broker/MGA serving retail brokers without direct insured contact.
• Brown & Riding: Specialty wholesale insurance broker and MGA providing binding authority and complex risk placement for retail brokers — closely mirrors SRS's dual wholesale-broker + MGA structure.
• Risk Placement Services (RPS): Wholesale insurance broker and MGA placing specialty and excess & surplus lines through retail agents. Directly comparable business model to SRS Wholesale and SRS MGA.

Broad incumbents

• Lockton: World's largest independent insurance broker with extensive specialty and wholesale capabilities. Comparable to SRS in risk advisory and specialty placement, though at significantly larger scale and broader scope.
• Howden Group: Large independent (re)insurance broker and MGA group with global reach and strong specialty practice. Overlaps with SRS in specialty placement and MGA underwriting at much greater scale.
• Acrisure: Global insurance broker and MGA consolidator with substantial specialty and wholesale operations. Comparable as a multi-product platform combining brokerage and binding-authority underwriting.
• Ardonagh Group: Parent company of SRS and one of the UK's largest independent broking and underwriting groups. Comparable as a multi-line specialty broker/MGA platform, and sets the strategic context for SRS's positioning within the group.

Emerging players

• McGill and Partners: Boutique specialty (re)insurance broker focused on complex and high-severity risks for large/niche clients. Comparable to SRS in specialty, hard-to-place risk focus with a smaller, expert-team model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/srsmga

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SRS Group of Companies