Ryan Specialty Group Completes Acquisition of Trident Marine Managers, Inc.
March 1, 2017, CHICAGO, IL – Ryan Specialty Group (RSG), the international specialty insurance services organization based in Chicago, and Trident Marine Managers, Inc. (Trident), the specialist MGA focused on insurance solutions and related claims adjusting services for the marine industry, are pleased to announce that the acquisition of Trident Marine Managers, Inc. was completed on March 1, 2017. This transaction was previously announced on February 24, 2017.
Martin Hayes and Michael Johnson are joint Managing Directors of Trident and will continue leading the business as a subsidiary of RSG’s underwriting operation, RSG Underwriting Managers. Headquartered in Houston, Trident offers nationwide coverages with a particular focus on marine 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 “A+” and “A” rated carriers.
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