Reinsurance News
Ryan Specialty Group
Ryan Specialty MGU, SUITELIFE hires Patrick McCahill as CUO
17th November 2022
Ryan Specialty MGU, SUITELIFE Underwriting Managers, has appointed Patrick S. McCahill as Chief Underwriting Officer. In addition to his CUO responsibilities, McCahill will also be responsible for broadening the product offerings available through SUITELIFE’s delegated authority. Overall, McCahill brings over 12 years of experience within the insurance industry towards the role. Over the ... Read the full article
Ryan Specialty names Tim Anders EVP of National Specialty Programs
14th November 2022
Ryan Specialty, a products and solutions provider for insurance brokers, has announced the appointment of Tim Anders as Executive Vice President (EVP) of its Underwriting Managers’ National Specialty Programs (NSP) practice. In his new role, Anders will support underwriting practices, launch new program opportunities, and reinforce efficient operational activities. Additionally, Ryan ... Read the full article
Ryan Specialty posts 17% organic revenue growth in Q3
11th November 2022
International specialty insurance firm, Ryan Specialty Group has reported $412 million revenue for the third quarter of 2022, representing 17% year-over-year growth compared to $352.8 million in the third quarter of 2021. Net income increased to $29.3 million compared to a net loss of $32.6 million in the prior-year period. The firm ... Read the full article
Ryan Specialty announces Centurion Liability Insurance Services acquisition
7th November 2022
International specialty insurance firm, Ryan Specialty has announced it has acquired certain assets of Centurion Liability Insurance Services, LLC. The terms of the transaction have not been disclosed Centurion is a professional lines wholesale insurance broker with employees based in Florida and California. It was partially owned by the Insurance Office ... Read the full article
Ryan Specialty appoints LifeScienceRisk leaders
1st November 2022
Ryan Specialty has announced the appointments of Catherine Gill to Chief Executive Officer (CEO) and Mark Wood to Chairman of LifeScienceRisk (LSR), Ryan Specialty’s managing general underwriter specializing in the Life Sciences industry. Both appointments are effective immediately. Gill has been the Chief Underwriting Officer of LifeScienceRisk and has been with LSR ... Read the full article
Curran and Shaffer take senior distribution roles at Ryan Specialty
4th October 2022
Ryan Specialty has announced the promotions of Tom Curran and James Shaffer to senior distribution roles within its Ryan Specialty Underwriting Managers unit. Curran has been appointed as Chief Wholesale Distribution Officer and Shaffer as Chief Retail Distribution Officer. The former specializes in the wholesale insurance marketplace and has over 25 years’ ... Read the full article
Ryan Specialty hires Waleed Husain as Chief Risk Officer
21st September 2022
Ryan Specialty Holdings has appointed Waleed K. Husain as its first Chief Risk Officer. As an industry enterprise risk management veteran, Waleed has expertise in identifying, analysing and mitigating internal and external risks for financial services firms. In 2011, he joined the Federal Reserve Bank of Chicago in the Supervision & Regulation ... Read the full article
Ryan Specialty appoints Co-Presidents of NSP
16th August 2022
Ryan Specialty has announced the appointment of Bill Evans and Chris Kelleher as Co-presidents of the National Specialty Programs practice (NSP). Bill Evans has been with NSP for more than ten years and most recently served as Vice President with direct oversight of the real estate and temporary staffing programs. Evans also ... Read the full article
RSG Underwriting Managers makes several senior appointments
16th August 2022
Ryan Specialty Group (RSG) has made several senior appointments within RSG Underwriting Managers. Brian Lillis has been appointed as Chief Operating Officer. He has been with Ryan Specialty Underwriting Managers for nine years, and has served in a variety of operational, technology, M&A and finance leadership roles, serving most recently as ... Read the full article
Ryan Specialty posts organic revenue growth of 22% in Q2 results
12th August 2022
International specialty insurance firm Ryan Specialty Group has posted revenue of $491.3 million for the second quarter of 2022, representing growth of 26% over last year, including 22.3% of organic revenue growth. The firm explained that the high rate of organic revenue growth was driven by new client wins, expanded relationships ... Read the full article
Bradley Bodell joins Ryan Specialty as Chief Information Officer
20th July 2022
Ryan Specialty Holdings has announced that insurance information technology veteran Bradley Bodell has joined the firm as Chief Information Officer. In this role, Bodell will lead Ryan Specialty’s technology and security teams and be responsible for developing the strategy and technology capabilities needed to support revenue growth and mitigate risks across ... Read the full article
Ryan Specialty opens office in Madrid
7th July 2022
Ryan Specialty has opened an office in Madrid, focusing on the core transactional risk products of warranty and indemnity insurance and commercial tax liability insurance, servicing brokers across continental Europe. Madrid is the firm’s third European office, the second in Spain, and is led by Marta Batalla, Director ... Read the full article
Ryan Specialty launches auto liability MGU
16th May 2022
Ryan Specialty has announced the launch of AXSAL Re, an innovative solution for the challenging buffer auto liability excess market. AXSAL Re is a member-owned group captive managing general underwriter (MGU) designed specifically for transportation companies or other insureds with large fleets. Managed by Keystone Risk Partners, Ryan Specialty’s leader in Alternative ... Read the full article
Ryan Specialty posts organic revenue growth of 20%
13th May 2022
International specialty insurance firm Ryan Specialty Group has posted revenue of $386.9 million for the first quarter of 2022, representing growth of 24.2% over last year, including 20.4% of organic revenue growth. Ryan Specialty explained that the high rate of organic revenue growth was driven by new client wins, expanded relationships ... Read the full article
Ryan Specialty adds Brian Tyluki to renewable MGU
29th April 2022
Ryan Specialty has announced that Brian Tyluki has joined PERse (Power.Energy.Risk), the firm’s renewable energy managing general underwriter, as an Executive Vice President. Tyluki joins PERse with 18 years of energy insurance experience and specializes in underwriting large complex risks for onshore wind and solar clients. “Brian is an experienced property and ... Read the full article
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