RSG hires Peeters for senior London role

November 12, 2014, LONDON – 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 D&O MGA. 

Mr 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.

Mr 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 Mr. Peeters takes up his role.

He said: “I am delighted to welcome Mark to RSG to oversee this important new initiative for our business. We believe there are significant opportunities for RSG in the D&O market segment, and Mark’s experience and market knowledge will be instrumental in driving forward our growth plans in the United States and beyond.

Mr Peeters said: “After a 30-year career as an underwriter specialising in professional liability cover, it’s an exciting time to be joining RSG, and I am looking forward to fulfilling our ambitious plans in the London insurance market.

Mr Peeters, a British national, spent five years at Argo in Bermuda, where he was also the CEO of ArgoGlobalSE, a Malta-domiciled European insurer. Previously, between 1998-2008, he undertook a variety of senior underwriting roles at XL Insurance, including the role of 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).