Ryan Specialty Group pushes into M&A with MGA acquisition

Ryan Specialty Group (RSG), is planning to buy London-based mergers and acquisitions managing general agency (MGA) Hunter George and Partners.

Hunter George founders Ian Theato and Tim Martin will continue to lead the business, which writes insurance for warranty and indemnity, commercial tax liability and contingent risk insurance.

RSG European Middle-East and Africa MGA strategy head Peter McKenna said: “Hunter George is a great fit for our portfolio and will significantly broaden our range of high-demand specialty products.

”With Hunter George we gain exceptional underwriting talent, extensive contacts and an excellent reputation in the M&A segment, with particular emphasis on EU markets. Operating as a coverholder in the London Market, Hunter George enables us to offer innovative solutions for our clients.”

Theato added: “We believe this combination will enable us to scale our platform quickly to seize the exciting opportunity in European M&A. We also view the entrepreneurial culture of RSG as a perfect fit for our team.”

Financial details of the deal have not been disclosed.