Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine Limited (Lodestar), a leading MGA in the P&I fixed premium marine market. Terms of the transaction were not disclosed.
Lodestar is a leader in the “non-IG” P&I market and is one of the few providers to offer liability limits of up to $1 billion. Led by RSA Insurance Group PLC in the primary (up to $500 million), it offers owners’, charterers’ and operators’ P&I and additional covers for vessels up to 40,000 gross tonnage worldwide. Lodestar will become part of RSG Underwriting Managers (RSGUM), the managing general underwriting division of RSG.
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