Reinsurance News
Ryan Specialty
Ryan Financial Lines expands IAB E&O Program with admitted product
21st August 2025
Ryan Financial Lines, a managing general underwriter (MGU) within Ryan Specialty Underwriting Managers, has expanded its national Insurance Agents & Brokers (IAB) E&O Program to offer an admitted product available in all US states except Connecticut, New York, Alaska, and Hawaii. Designed for retail agents, this expansion underscores Ryan Financial Lines’ ... Read the full article
Nationwide completes acquisition of renewal rights for Markel’s Global Reinsurance unit
19th August 2025
As previously announced, Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has completed the acquisition of the renewal rights of Markel Insurance’s Global Reinsurance business. This signals Markel’s exit from the reinsurance market as part of its broader strategy to simplify operations and focus on ... Read the full article
Ryan Specialty’s total revenue grew 23% to $855m in Q2’25
1st August 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, reported total revenue of $855.2 million for the second quarter of 2025, representing 23% growth compared to $695.4 million in the prior-year period. The firm attributed the increase to continued organic revenue growth of 7.1%, driven by new client wins and expanded ... Read the full article
Vast number of Global Re underwriters that joined Ryan Re key part of renewal rights deal: Markel’s Wilson
31st July 2025
Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said recently that a really important part of the firm's deal to sell the renewal rights for its Global Reinsurance business to Nationwide, was the large number of the reinsurance underwriting team that had already moved to Ryan Re Underwriting Managers, ... Read the full article
Nationwide to acquire renewal rights of Markel’s Global Reinsurance business
31st July 2025
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel's exit from the reinsurance market as the firm focuses on growing its core specialty insurance operation. This sale aligns ... Read the full article
Zipper and Bavishi to serve as Co-CEOs of USQRisk as Moreno steps down
28th July 2025
USQRisk, part of Ryan Specialty’s alternative risk division, has promoted Michael Zipper and Parag Bavishi to Co-Chief Executive Officers (CEOs) of USQ, effective August 1st, 2025. Meanwhile, USQ’s current CEO, Anibal Moreno, will be stepping down, effective July 31st, 2025, to focus on personal interests. In April 2025, Ryan Specialty ... Read the full article
Ryan Specialty acquires J.M. Wilson
13th June 2025
Ryan Specialty, an international specialty insurance firm, has signed a definitive agreement to acquire the business of J.M. Wilson Corporation, a Michigan-domiciled business offering products from personal lines to surety, and transportation expertise. J.M. Wilson and its operations will become a part of RT Binding Authority, the binding authority specialty of ... Read the full article
Ryan Specialty acquires Irish MGU 360° Underwriting
21st May 2025
Ryan Specialty, an international specialty insurance firm, has acquired 360° Underwriting, a managing general underwriter (MGU) specialising in commercial construction. 360, founded in 2027 and based in Dublin and Galway, Ireland, will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. Since its inception, the MGU has developed ... Read the full article
Ryan Specialty’s revenue climbs 25% to $690m in Q1’25
2nd May 2025
Ryan Specialty has reported total revenue of $690.2 million for Q1 2025, marking growth of 25% compared to the $552 million disclosed in Q1 2024. The firm attributed the increase mainly to 12.9% organic revenue growth from new and expanded client relationships, E&S market expansion, recent acquisitions, changes in contingent commissions, ... Read the full article
Ryan Specialty to acquire certain assets of USQRisk
22nd April 2025
Global specialty insurance firm Ryan Specialty has signed a definitive agreement to acquire certain assets of international managing general agent (MGA), USQRisk Holdings, LLC. The terms of the acquisition were not disclosed. The deal is expected to close in the second quarter of 2025. Post completion, USQ will become a part of ... Read the full article
SiriusPoint and Ryan Specialty’s ISA to provide new casualty and excess solution
15th April 2025
Bermuda-domiciled insurer and reinsurer SiriusPoint has strategically collaborated with New York-based human and social service managing general underwriter (MGU), Irwin Siegel Agency (ISA), part of the Ryan Specialty family, to launch a new casualty and excess programme. The pair's latest launch will provide solutions for social and human services companies, including ... Read the full article
Matt Havey named President of Ryan Alternative Risk
19th March 2025
International specialty insurance firm Ryan Specialty has announced the promotion of Matt Havey to President of its alternative risk underwriting business, Ryan Alternative Risk. As part of this promotion, Kieran Dempsey, CEO of Ryan Alternative Risk, will separate the President role from his title. Havey joined Ryan Specialty in April 2024 as ... Read the full article
Yingling to lead newly launched Ryan Specialty National Programs
4th March 2025
International insurer Ryan Specialty has launched Ryan Specialty National Programs, a new practice group within its underwriting managers specialty, Ryan Specialty Underwriting Managers (RSUM). Led by Shawn Yingling as Chief Executive Officer, National Programs has been created with a centralised focus on specialty, class specific package business on both an admitted ... Read the full article
Justin Budd joins RSUM as SVP and Head of Internal Consulting
4th March 2025
Ryan Specialty has appointed Justin Budd as Senior Vice President (SVP) and Head of Internal Consulting for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Budd has several years of insurance experience from across the industry and was previously part of the leadership team of the insurance practice at one ... Read the full article
Eric Quinn promoted to President of Ryan Specialty Underwriting Managers
25th February 2025
International specialty insurance firm Ryan Specialty has announced the appointment of Eric Quinn as President of its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM), effective immediately. With this promotion, Miles Wuller, CEO of Ryan Specialty Underwriting Managers, separates President from his title. Quinn has 15 years of experience leading successful underwriting ... Read the full article
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