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Chicago-based Ryan Specialty Group L.L.C. on Monday said it has acquired Hunter George & Partners Ltd.
Terms of the transaction were not disclosed.
Hunter George & Partners is a London-based specialist managing general agent that focuses on mergers and acquisitions insurance. Hunter George & Partners co-founders Ian Theato and Tim Martin will remain the leaders of the business, Ryan Specialty Group said in a statement.
“Ian and Tim have built an outstanding platform in M&A insurance, a market segment of global importance to RSG. We are excited to add Hunter George to our growing MGA operation in London,” Patrick G. Ryan, chairman and CEO of Ryan Specialty Group said in a statement.
“Hunter George is a great fit for our portfolio and will significantly broaden our range of high-demand specialty products. With Hunter George we gain exceptional underwriting talent, extensive contacts and an excellent reputation in the M&A segment, with particular emphasis on the E.U. markets. Operating as a coverholder in the London Market, Hunter George enables us to offer innovative solutions for our clients,” Peter McKenna, who leads RSG’s MGA strategy in EMEA, said in the statement.
Reinsurance brokerage Cooper Gay Swett & Crawford Ltd. said Friday that it plans to sell its North American business, including U.S. wholesale brokerage Swett & Crawford with which it merged five years ago.