Reinsurance News

RTG’s Limehouse acquires Decyber

25th February 2019 - Author: Charlie Wood

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.

RTGThis 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.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Germany agrees to extend passporting rights for UK insurers

Germany has adopted preliminary provisions to authorise the temporary extension of UK financial institutions’ passporting rights, including insurers, in the...