Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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RSG acquires marine MGA Lodestar

  • John Hewitt Jones 13 February 2018
  • Ryan Specialty Group (RSG) has agreed to acquire MGA Lodestar to expand its London market marine presence.

    Following the deal with selling shareholder Tawa Associates, Lodestar will join RSG's managing general underwriting division, RSG Underwriting Managers (RSGUM).

    The acquisition is intended to boost RSG's distribution network in the London market and extend Lodestar's international book of business.

    Lodestar writes P&I fixed premium marine business and offers limits of liability up to $1bn, backed by RSA Insurance and Lloyd's syndicates.

    RSA...

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