Former Argo Re exec to head RSG MGA
Ryan Specialty Group (RSG) has appointed Mark Peeters as chief executive officer (CEO) of a new London-based directors’ and officers’ (D&O) managing general agency (MGA).
The new MGA will focus on writing excess layers of Fortune 1000 companies’ policies and primary cover for smaller public companies, as well as privately held companies.
Peeters, who was previously chief professional liability underwriter at Argo Re in Bermuda, will join a newly formed subsidiary of RSG Underwriting Managers (Europe), on November 15, 2014, reporting to Mike Rice, chairman of RSG Underwriting Managers.
He spent five years at Argo in Bermuda, where he was also the CEO of ArgoGlobalSE, a Malta-domiciled European insurer.
He said: “I am delighted to welcome Mark to RSG to oversee this important new initiative for our business. We believe there are significant opportunities for RSG in the D&O market segment, and Mark’s experience and market knowledge will be instrumental in driving forward our growth plans in the US and beyond.
Peeters added: “After a 30-year career as an underwriter specialising in professional liability cover, it’s an exciting time to be joining RSG, and I am looking forward to fulfilling our ambitious plans in the London insurance market.
