Ryan Specialty Group Announces Definitive Agreement to Acquire Trident Marine Managers, Inc.
February 24, 2017, CHICAGO, IL – RSG Underwriting Managers (“RSGUM”) announced today an agreement to acquire Trident Marine Managers, Inc. and related claims adjusting affiliates (together, “Trident”). Trident is a leading specialty marine managing general agency serving the energy sector for over 35 years.
Martin Hayes and Michael Johnson are joint Managing Directors of Trident and will continue to lead the practice going forward. Headquartered in Houston TX, Trident offers nationwide coverages with a particular focus on marine and energy operations within the Gulf of Mexico. Core products include Marine General Liability, Hull & Liability, Maritime Employers Liability and Umbrella. Trident maintains full underwriting authority and appointments with multiple “A” rated carriers.
Miles Wuller, Chief Operating Officer of RSGUM, commented, “The acquisition of Trident is the continued execution of our strategy to build a global specialty marine practice. Martin and Michael bring exceptional expertise, approach, and leadership to the marine energy space, illustrated by obtaining ever increasing range of underwriting authority at Trident. Trident will strengthen RSGUM’s existing specialty marine practice led by Jorge Pecci, adding incremental specialties and bolstering RSGUM’s marine adjusting capability.
Martin Hayes and Michael Johnson, Managing Directors of Trident, commented, “We are extremely excited to be joining Ryan Specialty Group. RSGUM is renowned for their entrepreneurial approach and keen focus on underwriting results. We look forward to increasing our geographic presence and product set while also giving our employees a continued path for growth and success. We feel the transaction is a perfect step in Trident’s course of optimally serving its producers and carrier partners.
Trident was represented by Marsh, Berry & Co., Inc. Terms of the agreement were not released.
For more information on this release, please contact:
Alice Phillips Topping
Chief Marketing and Communications Officer, Ryan Specialty Group
About Ryan Specialty Group, LLC (“RSG”)
Founded in 2010, Ryan Specialty Group, LLC is an international holding company consisting of wholesale broker, R-T Specialty, LLC, a series of underwriting managers, RSG Underwriting Managers, LLC and RSG Underwriting Managers Europe Limited, and insurance service provider, Ryan Direct Group Limited, each servicing a client base of brokers, agents and insurance carriers. www.ryansg.com
About RSG Underwriting Managers (“RSGUM”)
RSGUM is the managing general underwriting division of RSG. RSGUM provides centralized governance, shared services, executive oversight and to its specialty underwriting business. Seventeen distinct managing general underwriting teams comprise RSGUM, each with their own distinct specialty and industry focus. www.ryansg.com/RSGUM