Limehouse Agencies, the managing general agency (MGA) subsidiary of RFIB’s Risk Transfer Group Limited (RTG), has acquired the online specialist sport and leisure resilience firm Decyber.
This acquisition forms part of RTG’s new corporate strategy first outlined in May 2018 that aims to increase revenue from approximately £50 million to £100 million by 2021.
The company had previously announced the purchase of Corporate Underwriting Ltd (CUL), a specialist marine underwriting agency and Lloyd’s coverholder.
“Highly automated risk mitigation services and insurance allow us to provide a valuable offering to this underserved and high-growth market. Decyber provide an innovative solution and are a great addition to the Group,” said Steven Beard, Chief Executive Officer of RTG.
Decyber essentially provides sports clubs and leisure associations with a fast way of improving their levels of cyber protection.
Jonathon Lane, CEO of Decyber and Head of RFIB’s Financial Institutions, PI and Cyber team, added, “We look forward to working with RTG as an investor and owner to penetrate the Sports and Leisure Cyber market, which is an area we believe is currently under served in terms of Cyber resilience solutions and insurance provision.”
