Reinsurance News
Ryan Specialty Group
Trident Marine Managers appoints Karolina Krol as COO
20th March 2026
Trident Marine Managers, the managing general underwriter of Ryan Specialty Underwriting Managers (RSUM), has appointed Karolina Krol as its Chief Operating Officer (COO), effective immediately. In her new role, Krol will oversee Trident’s day-to-day operations, operational strategy, and cross-functional alignment to ensure the firm’s execution remains disciplined, efficient, and tightly aligned ... Read the full article
Ryan Specialty Renewables launches to expand global energy insurance capabilities
12th June 2025
Ryan Specialty Underwriting Managers, the specialty underwriting arm of Ryan Specialty, has announced the launch of Ryan Specialty Renewables, a new international business unit that brings together several renewable energy managing general underwriters (MGUs). This includes PERse Americas, PERse International, newly established Ryan Specialty ventures, and Albus, which joined the company ... Read the full article
Velocity completes sale of VSIC to FM
6th May 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC (VRU). The transaction follows the earlier sale of VRU to Ryan Specialty, which together represents ... Read the full article
Ryan Specialty appoints former Aon exec Steve Keogh as COO
27th March 2025
Ryan Specialty has appointed former Aon executive Steve Keogh as the Chief Operating Officer, effective May 1st, 2025. Keogh is an industry veteran who started his career at Aon Global Risk Consulting as a Financial Analyst in 1988, subsequently spending over 28 years with the global broker. His tenure at Aon included ... Read the full article
Sean Ryan to lead strategic business development at Ryan Re
27th January 2025
Insurer Ryan Specialty has appointed Sean Ryan to Ryan Re Underwriting Managers, a managing general underwriter in property and casualty treaty reinsurance, as Executive Vice President. Building upon the reinsurance business that Ryan Re has built since its founding in 2019, Ryan joins to lead the firm’s strategic business development. He has ... Read the full article
Ryan Specialty acquires Innovisk from Abry Partners and BHMS
18th November 2024
Abry Partners, a Boston-domiciled private equity firm, and BHMS Investments, LP, a Connecticut-domiciled private equity firm, have completed the sale of Innovisk to Ryan Specialty, a global specialty insurance services firm. Founded in 2017, London-headquartered Innovisk has a diverse, non-correlated portfolio of seven specialty MGUs, with lines of business including environmental, ... Read the full article
Ryan Specialty in final talks to acquire Innovisk Capital
4th November 2024
Ryan Specialty, an international specialty insurance services firm, has announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Through the acquisition, Innovisk will be integrated into Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty. The acquisition is anticipated to ... Read the full article
Ryan Specialty adds Michael F. Albian as President, Group Captives for RAR
12th September 2024
Ryan Specialty, the international specialty insurer, has appointed Michael F. Albian as President, Group Captives, for Ryan Alternative Risk (RAR). In the new role, Albian will be responsible for further developing a full-service consulting and captive management practice, and he will be based in Chicago. Albian has fifteen years of industry experience, ... Read the full article
Ryan Specialty reports 18.8% revenue growth for Q2’24 to $695.4m
2nd August 2024
International specialty insurance firm, Ryan Specialty Holdings, Inc. has reported a Q2 2024 total revenue growth of 18.8% year-over-year to $695.4 million compared to last year’s $585.1 million. According to Ryan Specialty, this increase was primarily due to continued solid organic revenue growth of 14.2%, driven by new client wins, expanded ... Read the full article
Global trends & promising outlook for MGA & MGU revenues in 2023: Insuramore
14th June 2024
Managing General Agents (MGAs), Managing General Underwriters (MGUs), and cover-holder groups have amassed approximately USD 23.9 billion in revenues worldwide in 2023, according to a recent report by industry analysis firm Insuramore. The bulk of this revenue, ranging between 70% and 75%, stemmed from direct commercial P&C insurance, while the remaining ... Read the full article
RT Specialty promotes Polansky to President,Field Operations Binding Authority
21st May 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Rob Polansky to President of Field Operations Binding Authority. Polansky has operated in the insurance industry for over three and a half decades, holding senior positions with various companies, including carriers, reinsurers, and wholesale firms. He has additionally been involved with ... Read the full article
Ryan Specialty sees $552m revenue growth in Q1 2024
3rd May 2024
International specialty insurance firm, Ryan Specialty Holdings, Inc., has reported Q1 2024 revenue growth of 20.6% year-over-year as well as an increase in net income of 11.6% year-over-year when compared to the same period last year. The firm’s revenue went to $552.0 million in the first quarter of 2024, from the ... Read the full article
Ryan Specialty completes Castel Underwriting acquisition
1st May 2024
International specialty insurance firm, Ryan Specialty has completed the acquisition of Castel Underwriting Agencies Limited, a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders. Headquartered in London and founded in 2014, Castel consists of thirteen MGUs, each having expertise in a specific product niche. The ... Read the full article
Ryan Specialty FY 2023 revenue climbs 20.4% to $2.08bn
28th February 2024
Ryan Specialty has reported full year 2023 revenue of around $2.08 billion, up 20.4%, compared to the $1.73 billion reported in 2022. The firm's adjusted net income also increased in 2023, growing 20.4% to $375.6 million, compared to $312 million in the prior year. Meanwhile, Ryan Specialty's adjusted EBITDAC climbed 20.7% to ... Read the full article
Ryan Specialty promotes Lana Jankovic to Chief Audit and SOX Officer
15th February 2024
Ryan Specialty, the international specialty insurance firm, has promoted Lana Jankovic to the Chief Audit and Sarbanes-Oxley (SOX) Officer, effective immediately. Jankovic joined the insurer three years ago and is an industry veteran with over 25 years of insurance industry experience in audit, SOX compliance, information technology, risk management, and process ... Read the full article
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