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16 May 2023 – LONDON - Specialist Risk Group (SRG) has acquired TLO Risk Services. TLO is a leading firm of professional risk specialists, who will play an integral role in the development of SRG's professional lines capability.

Specialising primarily in the legal sector, TLO provides insurance solutions to a wide range of firms and individuals that provide professional advisory services.  These include barristers, law firms, arbitrators and mediators, as well as accountants, investment agents, surveyors and estate trustees. The team at TLO has deep expertise of the professional indemnity market, which is underpinned by its highly respected contract and claims support.  This means that TLO can provide tailored insurance solutions to firms of all sizes. 

The acquisition of TLO enhances SRG’s professional lines offering and expands its capabilities to cater to the insurance needs of firms across a range of sectors. TLO will sit within SRG’s growing retail division, Specialist Risk Insurance Solutions (SRIS). Led by Oliver Thorne, SRIS is seeking to double in size over the next three years by pursuing an exciting acquisition and organic growth strategy.

Warren Downey, SRG Group CEO, said: 

“I am thrilled that TLO is joining Specialist Risk Group. This is another key step in the development of our professional lines offering. The TLO team has a great reputation in the market, bring new technical skills, and add significant expertise to our Group. As we got to know Vernon, Duncan, and Michael during the acquisition process, it became clear that they would be a perfect cultural fit at SRG, and I look forward to working together on the next stage of our journey.”

Vernon Taylor, TLO Director, said: 

“I take great pride in the team and capability that we have built at TLO and am looking forward to our next chapter as part of Specialist Risk Group. We quickly recognised how aligned both our businesses were from a people and culture perspective. SRG’s commitment to investing in its people, training and being the home of specialists will be a big plus for our ambitious team moving forward’.

In this article for the Chester and North Wales Law Society - we look back at the October 2020 Solicitors Professional Indemnity Renewal season, and give our advice on the market as we look to the future.

Click here to read the full article

Examining a real cyber incident

This issue of The Look Out examines in more detail a recent "real-life" Cyber incident, and how preventative measures taken by the law firm in question successfully prevented direct financial loss.   It also considers the consequences of such an attack and offers some helpful suggestions from the lessons learned.

READ THE LOOK OUT HERE

A Question Of Succession

Jim Brindley looks at the importance of Succession Planning for law firms and the impact of Professional Indemnity Insurance (PII) and run off insurance requirements have when developing a Succession Plan strategy.

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We had a great turnout at our event on the 13th November.

Thank you to everyone who stopped by, we look forward to seeing you all again in the not too distant future!

TLO Risk Services Limited are pleased to announce the relocation of our Birmingham office. We have been based on Ludgate Hill in the Jewellery Quarter for the past three years, but due to recent expansion we have moved to more spacious and modern office space.   We were keen to remain in the Jewellery Quarter and have chosen our new premises on Tenby Street.   This is an exciting next chapter of our business in Birmingham and we plan to host new events, meetings, networking and fundraising activities.

For more information on our events or if you’d like to drop by to see our new premsies call 0121 212 9090, email contactus@tlorisk.com or sign up to our mailing list to receive information. 

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TLO Risk Services Limited is pleased to announce the appointment of Michael Silcock as a main board Director. Mike will be responsible for continuing the development of TLO’s professional risks business.

Mike joins TLO after a hugely successful 30 year career in the insurance industry. He spent nearly 15 years at global broker Aon, most recently as their Head of UK Professions business.

Mike subsequently moved to JLT Specialty, to establish a London market PI division, before moving to Willis Towers Watson to assist in the development of their professional services division.

He has been involved in the account management, acquisition and broking of a broad range of sophisticated retail professional service firm clients, including various ‘magic circle’ firms. He has also been instrumental in developing major insurance schemes, facilities and overseas solutions.

Andrew Sayer, Chairman of TLO, commented: “Mike brings tremendous industry knowledge to TLO and has an exceptional track record of delivering growth in this industry. His appointment reflects TLO’s ambitions to grow in the professional risks sector. I am delighted to welcome Mike on board as a member of our team”.

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Jim Brindley talks Professional Indemnity Insurance, what it is and who needs it in our latest Newsletter...

Read more here

Read the latest issue of The Look Out here!