RSG Underwriting Managers, LLC (RSGUM), a subsidiary of Ryan Specialty Group (RSG), has announced that it plans to combine two of its Managing General Underwriter (MGU) teams, EmergIn Risk and ThinkRisk, under the EmergIn Risk brand.
RSGUM said that uniting the teams will allow it to provide deeper underwriting expertise, broader jurisdictional capabilities, and synergies for new emerging products for clients.
The firm also revealed that Media Liability and Specialty E&O products will now be led by Reza Khan, while Global Cyber, Technology E&O, and Miscellaneous E&O initiatives will be led by Jamie Bouloux, both of whom will be based in New York.
Underwriting for EmergIn Risk will continue in the U.S and London, with Debbie Hobbs assuming leadership of the London operations.
Formed in 2010, ThinkRisk was RSG’s first MGU and has since focused on underwriting media liability, specialised E&O coverages and cyber products for U.S businesses.
EmergIn Risk was launched more recently in 2016 and specialises in underwriting complex cyber and tech related exposures for global businesses in industry sectors including Energy/Utilities, Financial Institutions, Healthcare, Hospitality, Manufacturing, Retail, and Transportation, among others.
“The combination of these two outstanding underwriting teams allows RSGUM to provide greater depth of products and services to our clients,” said Mike Rice, Chairman and Chief Executive Officer (CEO) of RSGUM.
“Working together, Reza, Jamie and the newly merged EmergIn Risk team will collaborate in both the expansion of existing programs as well as the creation of new emerging products,” Rice added.