Insurance broker Ryan Specialty Group (RSG) has acquired specialist Lloyd’s insurer Jubilee.
Jubilee currently operates two active syndicates at Lloyd’s − a managing agency and specialist underwriting distribution and insurance service business.
Patrick Ryan, RSG chairman and CEO says: “Lloyd’s and the London market are firmly established as global leaders in the specialty markets. We believe there is a real opportunity in the specialty markets and Jubilee’s existing platform focuses on specialty insurance – specialties that we know. This acquisition will allow us to introduce and support new products and programmes in global markets in a meaningful way.”
RSG corporate communications representative, Johnny Rowell adds: “The Jubilee platform provides an excellent foundation for developing a world class risk-bearing organisation. We look forward to building on our long-standing ties in the Lloyd’s community to enhance market access to brokers and agents seeking specialty product offerings.”
