Reinsurance News
Ryan Specialty Group
Ryan Specialty and Nationwide partner to support specialty insurance marketplace
26th April 2022
International specialty insurance firm, Ryan Specialty has announced a new strategic arrangement with US based Nationwide to support innovation and address needs in the specialty insurance marketplace. Both companies remain parties to a joint venture first entered into in May 2019, that established Bermuda-based reinsurer – Geneve Re Ltd. This new ... Read the full article
Ryan Specialty reports 15.8% growth in revenues
16th March 2022
Ryan Specialty is reporting 15.8% growth in total revenue between Q4 2020 and Q4 2021. The insurance firm said that among the other highlights were a 15.4% growth in organic revenue growth rate, down from 21.8% in Q4 2020. However, net income rose to $29.6m in Q4 2021 after a net ... Read the full article
Ryan Specialty Group’s MGU expands overall capacity offering
14th March 2022
Power.Energy.Risk (PER), a Ryan Specialty Group managing general underwriter focused on renewable energy, has expanded their overall capacity offering and renewed important market relationships for an 11th year. With its new capacity, PER can write limits of up to $400 million per project, with an extensive group of highly regarded carriers. PER ... Read the full article
ProExec partners with CyberCube’s Broking Manager
10th March 2022
ProExec, a part of RT Specialty, the wholesale broking division of Ryan Specialty Group, has partnered with CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries, to further enable RT ProExec’s team to quantify and explain to its retailers and their clients the sources and potential financial impacts ... Read the full article
Technical Risk Underwriters gets a new president
4th February 2022
Ryan Specialty Group has appointed Chris Burns to be the new president of Technical Risk Underwriters (TRU). TRU is Ryan Specialty’s managing general underwriting specialising in construction. Burn’s appointment began last month after eleven years with the company. Katie Davies, CEO of TRU, said: “Having had the pleasure of working with Chris ... Read the full article
Aspen increases participation in Ryan Specialty’s intl. MGU portfolio
21st January 2022
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has announced an expanded trading agreement with Ryan Specialty Group (RSG) to support an international portfolio of delegated underwriting authority business. From January 1st, 2022, Aspen joined an additional seven programs for Ryan Specialty Underwriting Managers' MGU portfolio. The pair state that this agreement utilises ... Read the full article
Ryan Specialty completes acquisition of Keystone Risk Partners
3rd January 2022
International specialty insurance firm, Ryan Specialty Group, has now completed its acquisition of certain assets of the Media, PA based insurance operation Keystone Risk Partners, LLC. The acquisition was previously announced last month. Keystone Risk Partners offers a range of alternative risk products and services, including captive consulting and management, as ... Read the full article
Ryan Specialty to acquire Keystone Risk Partners
14th December 2021
International specialty insurance firm Ryan Specialty Group, has signed a definitive agreement to acquire certain assets of Keystone Risk Partners, LLC based in Media, PA. Keystone generated approximately $8 million of revenue for the 12 months ended November 30, 2021. Terms of the transaction were not disclosed, although it is expected to ... Read the full article
Ryan Specialty reports 49% rise in revenue for the third quarter of 2021
12th November 2021
Ryan Specialty Group Holdings, Inc. has reported a 49% rise in revenue to $352.8 million for the third quarter of 2021, as the one-time costs of its completed initial public offering (IPO) resulted in a net loss of $32.6 million for the period. The company launched its IPO in July of ... Read the full article
Ryan Specialty exec Tom Clark to step down
8th September 2021
Ryan Specialty Group has announced the resignation of Tom Clark, who currently serves as Chief Executive Officer (CEO) of RSG Underwriting Managers. Clark will step down from his position as CEO of Ryan Specialty’s underwriting management business from September 30th, 2021. The company confirmed that Clark is leaving for personal reasons, and ... Read the full article
Ryan Specialty Group reports Q2 net income of $63.4 million
2nd September 2021
Ryan Specialty Group has reported its net income for the second quarter of 2021 increased by 27.1% to $63.4 million, compared to $49.9 million in the prior-year period. Total operating expenses for the second quarter of 2021 were $297.8 million, a 57.8% increase compared to the prior-year period. This was primarily due ... Read the full article
Behrens named Chief Operating & Tech Officer at Ryan Specialty Benefits
19th August 2021
Ryan Specialty Group, LLC has announced the appointment of Kirk Behrens as Chief Operating & Technology Officer of Ryan Specialty Benefits. In this role, he will work closely with John Zern, President and CEO of Ryan Specialty Benefits, to lead the development of this unit, which focuses on wholesale benefits brokerage ... Read the full article
Underwriters purchase additional IPO from RSG
28th July 2021
Ryan Specialty Group Holdings has announced that underwriters have purchased an additional 8,537,742 shares of its Class A common stock at the initial public offering (IPO) price of $23.50 per share. The group previously announced an IPO of 56,918,278 shares of its Class A common stock. Ryan Specialty has issued a ... Read the full article
RSG launches initial public offering
26th July 2021
Ryan Specialty Group has launched its initial public offering of 56,918,278 shares at a price of $23.5 per share. Ryan Specialty will receive net proceeds of approximately $1,259.1 million after deducting underwriting discounts and commissions and estimated expenses. It intends to grant underwriters the right to purchase up to an additional 8,537,742 ... Read the full article
Ryan Specialty announces launch of initial public offering
14th July 2021
Ryan Specialty Group has launched its initial public offering of 56,918,278 shares at an expected price of between $22 and $25 per share. Ryan Specialty intends to grant underwriters the right to purchase up to an additional 8,537,742 shares of its Class A common stock. Ryan Specialty has applied to list its ... Read the full article
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