Ryan Specialty Group, LLC (RSG) has announced the appointments of Nick Cortezi as Chairman & CEO of RSG Underwriting Managers, and Matt Nichols as President of RSG Underwriting Managers.
Current leader of RSG Underwriting managers, Mike Rice, recently announced his intention to retire at the end of this year, however he has now been appointed as Senior Chairman of RSG Underwriting Managers until the end of the financial year.
Both Cortezi and Nichols joined RSG with the merger of All Risks earlier this month.
Patrick G. Ryan, Founder, Chairman & CEO of RSG commented: “We are fortunate to have Nick and Matt at this time to succeed Mike and join the existing excellent management team at RSG Underwriting Managers.”
“Nick and Matt have experienced high-teens double digit compounded annual organic growth for the past 20 years and have long established relationships with insurance carriers and brokers,” Ryan continued.
“The programs that Nick and Matt have created are unique, innovative and a win-win for both carrier and client. I am very much looking forward to Nick’s and Matt’s leadership and further development on the success of RSG Underwriting Managers. I’d like to again thank Mike Rice for his valued guidance during this transition period as Senior Chairman and for his leadership of RSG Underwriting Managers these past ten years.”
Cortezi added: “I am looking forward to working with the exceptional team of professionals that comprise RSG Underwriting Managers and doing all that I can to help continue the buildout of its capabilities.”
Nichols said: “I look forward to participating in the continued growth of RSG Underwriting Managers and working with our talented team. Combining RSG Underwriting Managers with All Risks Programs creates an even stronger team for assisting our clients with the placement of their insureds.”
Rice affirmed: “The combination of RSG Underwriting Managers and All Risks Programs creates a dynamic linkage of underwriting professionals and their products, led by a world class management team. The future is indeed bright in the hands of this group.”