Lodestar, founded in 2012, is a MGA that provides P&I cover for vessels up to 40,000 gross tons whilst also offering limits of liability of up to USD 1 billion.

Underlying security up to USD 500 million was provided solely by RSA. For limits above USD 500 million security is provided by Lloyd’s syndicates and insurers.

RSA Group announced that it will be ending its partnership with Lodestar Marine Limited effective from 1 January 2019. Lodestar is working to replace this withdrawn capacity however is still free to quote on ‘new’ and ‘existing’ contracts.

In February 2018, Ryan Speciality Group, LLC (RSG) announced its acquisition of Lodestar Marine Limited from Tawa Associates Limited.

Annual written premium has reduced from USD 29 million to USD 24 million in 2017.