RSG Hires Peeters to Head New London MGA

Ryan Specialty Group (RSG), the global specialty insurance services business based in Chicago, has announced the appointment of Mark Peeters as CEO of a new London-based managing general agent (MGA) specializing in directors & officers insurance.

Peeters, who was previously chief professional liability underwriter at Argo Re in Bermuda, will join a newly formed subsidiary of RSGUM (Europe), on 15 November, 2014, reporting to Mike Rice Sr., chairman of RSG Underwriting Managers.

Rice explained that the new MGA will focus on writing excess layers of Fortune 1000 companies’ policies and primary cover for smaller public companies, as well as privately held companies. He said that capacity will be in place shortly after Peeters takes up his role.

Peeters, a British national, spent five years at Argo in Bermuda, where he was also the CEO of ArgoGlobalSE, a Malta-domiciled European insurer. Between 1998-2008, he undertook a variety of senior underwriting roles at XL Insurance, including chief underwriting officer for professional liability. During his career he has also worked for Marsh, Aon and Johnson & Higgins (before and after its acquisition by Marsh).

Source: Ryan Specialty Group