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Ryan Specialty unit to acquire marine MGA

Posted On: Feb. 24, 2017 2:42 PM CST

Mergers and acquisitions

RSG Underwriting Managers L.L.C., a unit of Ryan Specialty Group L.L.C., on Friday said it has agreed to acquire Houston-based Trident Marine Managers Inc. and its related claims adjusting affiliates.

Terms of the deal were not disclosed.

Trident, a specialty managing general agency with 18 employees, offers nationwide coverages focusing on marine and energy operations within the Gulf of Mexico. Core products include marine general liability, hull and liability, maritime employers liability and umbrella, Chicago-based RSG Underwriting Managers said in a statement. 

An RSG spokeswoman said Trident maintains underwriting authority with multiple A and A+ carrier partners, including OneBeacon Insurance Group Ltd., Endurance Specialty Holdings Ltd. and various syndicates at Lloyd’s of London.

Joint managing directors Martin Hayes and Michael Johnson will continue to lead the practice, according to the statement. 

“Trident will strengthen RSGUM’s existing specialty marine practice led by Jorge Pecci, adding incremental specialties and bolstering RSGUM’s marine adjusting capability,” Miles Wuller, RSGUM’s COO, said in the statement.