The purchase has been designed to expand the firm’s breadth of business
Lloyd’s coverholder ReSolution Underwriting Holdings has bought Trilogy Managing General Agents in a move designed to help expand the organisation’s breadth of business.
The deal, completed in conjunction with Trilogy owner R&Q MGA Limited, has received full regulatory approval.
Trilogy is a technical underwriting led MGA and Lloyd’s coverholder that focuses on UK commercial material damage and liability business across different trade sectors, including community and education, contractors, distribution and supply, engineers, food and drink, leisure, manufacturers, non-manual and services, processors, property owners, transport and woodworkers.
On completion of the acquisition, there will be no change in Trilogy’s business structure or operations – the MGA will continue to be led by managing director Chris Blackwell and retain the same Lloyd’s and company market carrier support.
ReSolution Underwriting Holdings is the holding company of a group of MGAs based in London, which underwrite on behalf of the highest quality capacity. Its principals include Christopher Harman, Norman Topche and Richard Hayes.
Chris Blackwell, managing director at Trilogy, said: “We are grateful to R&Q MGA Limited, our majority owner until now, for the support that they have given Trilogy since its formation in 2013.
“Going forward as part of the ReSolution group will give Trilogy the platform to grow in our chosen lines of business, as the marketplace moves into a more challenging rating and capacity environment.”
Chris Harman, principal at ReSolution Underwriting, added: “Trilogy will add to the breadth of business underwritten within the ReSolution group and I would like to welcome Chris Blackwell and his team.
“They are experienced underwriters, with a record of delivering profits to their supporting carriers, and an efficient service to their producing brokers – all the essential features of a good MGA. As such, they fully embrace the philosophy of ReSolution.”
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