Ryan Specialty Group acquires marine MGA Trident

Ryan Specialty Group (RSG) Underwriting Managers has signed an agreement to acquire specialty marine managing general agency (MGA) Trident Marine Managers.

The Houston-based MGA offers nationwide coverages focusing on marine and energy operations within the Gulf of Mexico.

Following the transaction, Trident's joint managing directors Martin Hayes and Michael Johnson will continue to lead the practice.

"The acquisition of Trident is the continued execution of our strategy to build a global specialty marine practice," said Miles Wuller, chief operating officer of RSG Underwriting Managers (RSGUM). Martin and Michael bring exceptional expertise, approach, and leadership to the marine energy space, illustrated by obtaining ever increasing range of underwriting authority at Trident.

"Trident will strengthen RSGUM's existing specialty marine practice led by Jorge Pecci, adding incremental specialties and bolstering RSGUM's marine adjusting capability."

Hayes and Johnson commented, "We are extremely excited to be joining Ryan Specialty Group. RSGUM is renowned for their entrepreneurial approach and keen focus on underwriting results. We look forward to increasing our geographic presence and product set while also giving our employees a continued path for growth and success.

"We feel the transaction is a perfect step in Trident’s course of optimally serving its producers and carrier partners."

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