Thomas Miller Specialty snaps up Lodestar book

Thomas Miller Specialty has bought P&I provider Lodestar Marine’s book of business.

Thomas Miller, which provides products across the marine, offshore, and general aviation sectors, said “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.”

Lodestar Marine underwriter Vicky Clarke will also move over to Thomas Miller as part of the deal.

Hugo Wynn-Williams, Chairman Thomas Miller Specialty, commented: “We are committed to consolidating our fixed premium protection and indemnity offering and building up our MGA business.”