RSG Underwriting Managers (RSGUM) has announced a definitive agreement to acquire Trident Marine Managers and its related claims adjustment affiliates. Trident is a specialty marine managing general agency with a niche in the energy sector.
Trident joint managing directors Martin Hayes and Michael Johnson will continue to lead the practice after the acquisition.
According to a company statement, the acquisition provides nationwide coverage for marine and energy operations within the Gulf of Mexico. It also maintains full underwriting authority and appointments with multiple “A” rated carriers.
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“The acquisition of Trident is the continued execution of our strategy to build a global specialty marine practice,” said Miles Wuller, RSGUM chief operating officer in a statement. “(The company) will strengthen RSGUM’s existing…practice…adding incremental specialties and bolstering RSGUM’s marine adjusting capability.”
Terms of the agreement were not disclosed.
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