Illinois-based Ryan Specialty Group (RSG) has acquired specialist Lloyd's insurer Jubilee Group Holdings, and made a number of new board and key executive appointments.
Max Taylor, a former chairman of Lloyd’s of London and deputy chairman of Aon UK, has accepted the role as non-executive chairman of Jubilee’s board.
Johnny Rowell, managing director of Ryan Specialty Europe, joins the board and has been appointed CEO. Miles Wuller joins the board as CFO.
Jonathan Matthews, previously chief risk officer of Liberty Syndicate Management, has joined the board and been appointed COO. Malcolm McCaig, formerly a big four audit partner, has joined the board as an independent non-executive director.
Jubilee Group currently operates two active Syndicates at Lloyd’s, a managing agency and specialist underwriting distribution and insurance service businesses.
RSG chairman and CEO Patrick Ryan said this acquisition will allow them to introduce and support new products and programs in global markets in a meaningful way.
"Jubilee’s presence within Lloyd’s uniquely enhances the execution of their overall strategy of offering and delivering preeminent providers of specialty products and services to the insurers, brokers and agents they serve," said Ryan.