Ryan secures "direct access to Lloyd's" with acquisition
Illinois-based Ryan Specialty Group has secured a place in Lloyd's after confirming it has entered an agreement with Jubilee Group to acquire 100% of its share capital.
Johnny Rowell, managing director of Ryan Specialty Group, responsible for Europe, said: “The Jubilee team has a strong track record of delivering results over a number of underwriting cycles. We look forward to Jubilee’s addition to the RSG family of companies and also to its role as a significant contributor in our effort to introduce and support new products and programmes in the London and European markets in a meaningful way.”
Patrick Ryan, chairman, and chief executive, added, “Jubilee is a strategically important acquisition for RSG. It provides us with direct access to the Lloyd’s market and represents a key cornerstone of our strategy to provide specialty expertise and commitment to insurance underwriters, brokers and agents across a single, unique platform.”
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