Investment companies Warburg Pincus and Temasek agreed to acquire Specialist Risk Group, a specialist insurance intermediary, from HGGC, a private equity firm. Financial terms were not disclosed. "We've been following SRG's progression over the past few years with keen interest and are delighted to partner with the business and its very talented team on their next stage of growth. As active and experienced investors into insurance businesses globally, we believe SRG has all the right ingredients – talent, capabilities, and culture – to build on its position as a true standout amongst European and international intermediaries. We look forward to working with the team and Temasek to help realise that potential," James O'Gara, Warburg Pincus Managing Director.