Thomas Miller Specialty has purchased Lodestar Marine Insurance’s book of fixed premium insurance.
The UK insurance management company has been on a consolidation drive in the fixed premium market, having already purchased Hanseatic Underwriters, Osprey Underwriting Agency and Navigators in recent years.
In a statement, Danielle Champion, chief executive at Thomas Miller Specialty, said: “The purchase of Lodestar’s book is a logical, strategic fit for us and creates further scale in an increasingly competitive market.
