Reinsurance News
Ryan Specialty Group
Ryan Specialty acquires assets, operations of Boston Insurance Specialists
25th January 2019
Chicago-based Ryan Specialty Group has purchased the assets and operations of Boston Insurance Specialists (BIS), an independent wholesale insurance brokerage, for an undisclosed fee. BIS’ team will become part of the group’s wholesale brokerage unit, R-T Specialty, in an effort to enhance its presence in New England. A family owned business started ... Read the full article
Joseph Girardi joins RSG’s WKFC and CorRisk as SVP, Specialty Casualty
4th December 2018
Ryan Specialty Group (RSG) subsidiaries WKFC Underwriting Managers and CorRisk have announced that industry veteran Joseph Girardi has joined CorRisk as Senior Vice President (SVP) – Specialty Casualty. Girardi has more than 30 years’ experience across the commercial re/insurance industry and most recently served as SVP for Ironshore Insurance Services, where ... Read the full article
RSG Underwriting Managers to combine MGU teams
7th November 2018
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 ... Read the full article
Ryan Specialty Group acquires ARC Specialty Brokerage assets
1st August 2018
Ryan Specialty Group (RSG) is to buy certain assets of ARC Specialty Brokerage, the property/casualty (P&C) division of wholesale insurance broker ARC Excess & Surplus. Terms of the transaction were not disclosed. ARC Specialty’s Mike Vollaro, a wholesale brokerage professional and specialist in New York construction, will join RT Specialty, the wholesale ... Read the full article
RT Specialty appoints Jonathan Legge as SVP for ProExec division
12th July 2018
R-T Specialty, a subsidiary of Ryan Specialty Group, has appointed Jonathan Legge as a Senior Vice President (SVP) of its RT ProExec division, which provides professional and executive liability services to the company’s retail clients. He brings more than 25 years’ industry experience to his new role, which will see him ... Read the full article
RSG names Katie Davies as head of new catastrophe underwriting facility
14th June 2018
Ryan Specialty Group (RSG) has announced that Katie Davies will be joining an RSG affiliate as President and Chief Executive Officer (CEO) of a new property catastrophe managing underwriting facility. Exclusive to RT Specialty, RSG says the facility represents a commitment to provide additional capacity and innovative property solutions for the ... Read the full article
Onex makes $175mn investment in Ryan Specialty Group
8th June 2018
Onex Corporation, a Toronto-based private equity investment firm and holding company, has made a $175 million investment to form a strategic, long-term relationship with Ryan Specialty Group (RSG). The investment consists of $150 million of preferred equity and $25 million of common equity, and was made directly by Onex, rather than ... Read the full article
Ryan Specialty announces launch of MGU, RyanRe
7th June 2018
Ryan Specialty Group has announced the launch of a reinsurance managing general underwriter (MGU) called RyanRe Underwriting Managers (RyanRe), which is led by Executive Chairman Michael O'Halleran and Chief Executive Officer (CEO) and President, Brian Boornazian. The launch of RyanRe expands the company's managing underwriting strategy, and working through reinsurance brokers, ... Read the full article
Ryan Specialty acquires Lodestar Marine P&I MGA from Tawa
13th February 2018
Chicago-based Ryan Specialty Group LLC (RSG) has announced that it's agreed to acquire Lodestar Marine Ltd. from Tawa Associates Ltd. for an undisclosed fee. Lodestar is a London domiciled managing general agent (MGA) focused on the protection & indemnity (P&I) fixed premium marine sector, and under the transaction will become part ... Read the full article
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