Ryan Specialty Group Announces Agreement to Acquire Lodestar

TigerRisk Capital Markets & Advisory is acting as exclusive financial advisor to Tawa Associates Limited

Transaction Overview

On 02/13/18, Ryan Specialty Group announced an agreement to acquire Lodestar Marine

  • Acquired from Tawa Associates Limited (TAL)

Lodestar will operate within RSG Underwriting Managers (RSGUM)

  • RSG’s managing general underwriting division

Lodestar is a U.K. based Fixed Premium Protection & Indemnity MGA

  • Formed in 2011 by a team of seasoned Fixed Premium P&I experts
  • Provides a service-driven alternative to the International Group of P&I Clubs
  • Limits of up to $1bn are provided by RSA, Lloyd's and the company market

Ryan Specialty Group is an international insurance services holding company

  • Provides innovative solutions for brokers, agents and carriers
  • Comprised of two core business operations
    • RSG Underwriting Managers: Collection of MGU companies
    • Ryan Turner Specialty: Wholesale brokerage segment

TigerRisk Capital Markets & Advisory (TCMA) Role

TCMA is acting as exclusive financial advisor to TAL; key transaction steps led by TCMA include:

  • Assistance in valuation analysis
  • Identification of potential acquirors
  • Leading a focused auction process
  • Assistance to TAL in negotiation of final transaction terms and conditions
  • Providing objective advice and acting as a sounding board to the seller throughout the process

Further solidifies TCMA’s position as a leading advisor in MGA sell-side M&A