Reinsurance News
Ryan Specialty Group
Ryan Specialty appoints new CEO and CUO of National Programs unit
14th July 2023
International specialty insurance firm, Ryan Specialty, has announced the appointment of Dawn D’Onofrio to Chief Executive Officer (CEO) and Brian Alvin to Chief Actuary and Chief Underwriting Officer (CUO) of Ryan Specialty National Programs, effective immediately. Ryan Specialty’s suite of programs provides access to insurance solutions to meet the needs of ... Read the full article
Ryan Specialty completes trio of acquisitions
5th July 2023
International specialty insurance firm Ryan Specialty has completed the acquisitions of Socius Insurance Services, Point6 Healthcare, and ACE Benefit Partners, Inc. In early June, Ryan Specialty signed definitive agreements to acquire certain assets of ACE, a medical stop loss general agent, and Point6, a distributor of medical stop loss insurance, ... Read the full article
Ryan Specialty closes two new acquisitions as international expansion continues
7th June 2023
International specialty insurance firm Ryan Specialty has signed definitive agreements to acquire certain assets of ACE Benefit Partners, Inc., a medical stop loss general agent, and Point6 Healthcare, LLC, a distributor of medical stop loss insurance, pharmacy solutions, and complex claims management on behalf of retail brokers and third party ... Read the full article
Ryan Specialty to acquire Socius by July 2023
24th May 2023
Ryan Specialty, an international specialty insurance firm, has announced that it has signed a definitive agreement to acquire Socius Insurance Services. Although the terms of the acquisition were not disclosed, it is expected to close in July 2023. Socius is a national wholesale insurance broker headquartered in Northern California. This will be ... Read the full article
Ryan Specialty sees Q1 total revenue grow 18.3% YoY to $457.6 million
5th May 2023
Ryan Specialty Holdings has disclosed that its total revenue grew 18.3% to $457.6 million in Q1 of 2023. According to the firm, this increase was primarily due to organic revenue growth of 12.9%, which was driven by new client wins and expanded existing relationships, growth of the E&S market, revenue from ... Read the full article
Ryan Specialty names CEO, President and CUO of PERse’s North American operations
27th April 2023
Global specialty insurer Ryan Specialty Holdings appointed Katie Davies as CEO and Jeff Smith as President and Chief Underwriting Officer (CUO) of Power Energy Risk's (PERse) North American operations, effective immediately. Davies takes over from Mike Bernay, who will serve as a senior advisor to the business till he retires. Bernay founded ... Read the full article
Ryan Specialty hires Sara Kendall as Deputy Chief Compliance Officer
24th April 2023
Ryan Specialty Holdings has appointed Sara Kendall as its Deputy Chief Compliance Officer. Kendall's main responsibility is to oversee and aid in the management of the company's worldwide strategic plans related to ethics, compliance, privacy, and risk management. Specifically, she will be leading the Regulatory & Compliance division's efforts in monitoring, testing, ... Read the full article
Ryan Specialty promotes Austenfeld and Houska
21st April 2023
Global specialty insurer Ryan Specialty Holdings has promoted Brenda Austenfeld and Chris Houska to CEO and President of RT Specialty's Property Practice and Casualty Practice, effective immediately. Austenfeld has been with RT Specialty, the wholesale brokerage unit of Ryan Specialty, since 2013 joining with the acquisition of Westrope, where she was ... Read the full article
E&S insurance market will continue to be a standout: Patrick Ryan
28th March 2023
Patrick G. Ryan, Founder, Chairman and CEO of international specialty insurer Ryan Specialty, has asserted that excess and surplus (E&S) lines will “continue to be a standout within the insurance industry” over the coming year. Writing in an introduction to the company’s annual report, Ryan commented on its performance over the ... Read the full article
Ryan Specialty’s WKFC names Singhvi as President, Bauer as COO
22nd March 2023
Ryan Specialty’s managing general underwriter, WKFC Underwriting Managers (WKFC), has announced the promotions of Ravi Singhvi to President, and Joan Bauer to Chief Operating Officer, both effective immediately. Singhvi joined WKFC in 2018 and was most recently the MGU’s Chief Operation Officer. Prior to WKFC, he served as Vice President of Analytics ... Read the full article
Ryan Specialty promotes Michael VanAcker to EVP of RT Specialty
13th March 2023
Global specialty insurer Ryan Specialty has promoted Michael VanAcker to Executive Vice President of RT Specialty, Ryan Specialty’s wholesale brokerage and binding authority specialty, effective immediately. In the role, VanAcker will work closely with Tim Turner, Chairman & Chief Executive Officer of RT Specialty, Ed McCormack, President of RT Specialty, as ... Read the full article
Ryan Specialty reports organic revenue growth of 10.3% for Q4 2022
1st March 2023
Global specialty insurer Ryan Specialty Holdings, Inc. has reported revenue growth of 14.9% in the fourth quarter of 2022 to $435 million, as net income increased by almost 55% to $45.8 million, compared with $29.6 million a year earlier. The organic growth rate for the quarter was 10.3%, down from 15.4% ... Read the full article
Ryan Specialty launches global transactional risk practice
14th February 2023
Ryan Specialty, a service provider of specialty products and solutions for insurance, brokers, agents and carriers, has announced the formation of its global transactional risk practice – Ryan Transactional Risk. The firm is creating this global managing general underwriting practice by combining the operations of Concord Specialty Risks - headquartered in ... Read the full article
Ryan Specialty to acquire Griffin Underwriting Services
12th December 2022
Ryan Specialty has signed a definitive agreement to acquire what it calls ‘certain assets’ of Griffin Underwriting Services. The firm said in a statement that it was expected that the acquisition would close next month. Terms were not disclosed. Tim Turner, president of Ryan Specialty and chairman and CEO of RT Specialty, ... Read the full article
Ryan Specialty opens new Copenhagen office
17th November 2022
Ryan Specialty Transactional Risks International has opened an office in Copenhagen, Denmark, becoming the business' fourth office. Transactional Risks International is a part of Ryan Specialty’s Underwriting Managers platform and specialises on the core transactional risk products of warranty and indemnity insurance and commercial tax liability insurance, servicing brokers internationally. The firm ... Read the full article
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