Global insurance provider Thomas Miller Specialty has announced that it has completed the acquisition of Lodestar Marine’s book of business.
As part of the agreement, Lodestar Marine’s Vicky Clarke will be joining Thomas Miller Specialty. She brings more than 13 years of experience to the role, and will ensure continuity for renewing business.
Danielle Champion, Chief Executive Officer (CEO) of Thomas Miller Specialty, commented: “The purchase of Lodestar’s book is a logical, strategic fit for us and creates further scale in an increasingly competitive market. It will further enhance our service offering to our fixed premium P&I customers.”
Hugo Wynn-Williams, Chairman at Thomas Miller Specialty, added: “We are committed to consolidating our fixed premium protection and indemnity offering and building up our MGA business.”
