Ryan Specialty Completes Acquisition of Lodestar Marine of London

Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London.

Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan Specialty Group.

Charles Dymoke and John Hearn have joined RSG as joint managing directors of Lodestar and will continue to lead Lodestar.

This transaction was previously announced in February

Lodestar is a provider of marine fixed protection and indemnity (P&I) coverage, one of the few providers to offer limits of liability up to $1 billion. Led by RSA Insurance Group, in the primary (up to $500 million), it offers P&I for owners, charterers and operators as well as additional covers for vessels up to 40,000 gross tonnage worldwide.