Ryan Specialty Group Completes Acquisition of Lodestar Marine Limited
June 4, 2018, Chicago, IL – Ryan Specialty Group, LLC (“RSG”), is pleased to announce that it has completed the acquisition of Lodestar Marine Limited (“Lodestar”), London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan Specialty Group. This transaction was previously announced on February 13, 2018.
Lodestar is a leader in the fixed P&I market and is one of the few providers to offer limits of liability 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.
Charles Dymoke and John Hearn, recognized P&I industry experts, join RSG as joint Managing Directors of Lodestar and will continue to lead Lodestar going forward. Built on the basis of expertise and years of experience, Lodestar combines innovation and premier customer service. Lodestar’s team has been carefully brought together for their practical risk knowledge and technical expertise.
Charles Dymoke can be reached at Charles.Dymoke@lodestar-marine.com, +44(0)20 7068 8315
John Hearn can be reached at John.Hearn@lodestar-marine.com, +44(0)20 7068 8305
Ryan Specialty Group, LLC
Founded in 2010, Ryan Specialty Group, LLC is an international specialty insurance organization which includes a wholesale brokerage firm and highly-specialized managing general underwriting companies designed specifically for brokers, agents and insurers. www.ryansg.com
RSG Underwriting Managers, LLC
RSG Underwriting Managers, LLC (RSGUM) is the managing general underwriting division of Ryan Specialty Group and consists of a series of specialty property and casualty managing general underwriters (MGU). Each MGU provides expertise in distinct challenging market niches. RSGUM provides centralized governance, shared services and executive oversight to its specialty underwriting businesses. www.rsgum.com