Reinsurance News
Ryan Specialty
RSUM’s North American Professional Liability Team rebrands as Ryan Financial Lines
4th December 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has formally rebranded its North American Professional Liability (NAPL) team to Ryan Financial Lines. This addition aims to significantly strengthen the international portfolio of Ryan Financial Lines, bringing deep expertise in US professional liability space. Ryan Financial Lines is RSUM’s ... Read the full article
Ryan Specialty completes acquisition of Canadian MGU SSRU
4th December 2025
Specialty insurer, Ryan Specialty, has completed its previously announced purchase of Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU). SSRU, a specialist in underwriting large-account, high-hazard property and casualty solutions, will now operate within the Ryan Specialty Underwriting Managers (RSUM) division. The transaction, originally announced on October ... Read the full article
Ryan Specialty to acquire Canadian MGU Stewart Specialty Risk Underwriting
31st October 2025
International specialty insurance firm, Ryan Specialty, has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU) specialising in underwriting large-account, high-hazard property and casualty solutions. According to the announcement, SSRU will become a part of the Ryan Specialty Underwriting Managers (RSUM) division ... Read the full article
Ryan Specialty posts organic growth rate of 15% for Q3’25
31st October 2025
International specialty insurance firm, Ryan Specialty, saw its revenue grow 24.8% to $754.6 million for the third quarter of 2025 when compared with the prior year, with an organic growth rate of 15%. Ryan Specialty attributes the improved revenue to continued organic growth, driven by new client wins and expanded relationships ... Read the full article
Keogh and Mulshine to serve as Co-Presidents of Ryan Specialty
9th October 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, has expanded the roles of Steve Keogh and Brendan Mulshine to include serving as Co-Presidents of Ryan Specialty. Currently, Keogh is the Chief Operating Officer, while Mulshine is the Chief Revenue Officer. In the expanded roles, the pair will report to Tim ... Read the full article
Ryan Specialty launches MGU Clach Casualty led by Adam Schnell
25th September 2025
Ryan Specialty, an international specialty insurance firm, has launched Clach Casualty Underwriting Managers (Clach Casualty), a new managing general underwriter (MGU) focused on providing casualty insurance solutions for complex construction and habitational real estate risks. Clach Casualty began operations in September 2025, with its business exclusively distributed through U.S. wholesale brokers. ... Read the full article
Ryan Specialty adds Aon Re’s Bungert to Board
11th September 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, has appointed reinsurance industry veteran Michael G. Bungert to its Board of Directors, and as a member of its Compensation and Governance Committee, effective September 3rd, 2025. Bungert was most recently the Chairman of Aon Re Global, retiring from the position in ... Read the full article
Ryan Specialty establishes new collateralised reinsurance vehicle
8th September 2025
Ryan Specialty, an international specialty insurance firm, has launched a new collateralised reinsurance vehicle, Ryan Alternative Capital Re, Ltd. (RAC Re), to expand capacity within Ryan Specialty Underwriting Managers’ (RSUM) portfolio of syndicated delegated authority property and casualty (P&C) insurance business. RAC Re will provide RSUM with an anticipated $900 million ... Read the full article
Ryan Specialty Underwriting Managers names Ferguson CEO of US Assure
29th August 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025. Ferguson, who will continue to serve as President while assuming the CEO, will succeed Ty Petway, who is retiring after more ... Read the full article
Moody’s raises Ryan Specialty’s credit ratings, outlook revised to stable
22nd August 2025
Moody’s Ratings, the credit rating agency, has upgraded Ryan Specialty, LLC, a provider of specialty insurance solutions, to reflect the company’s stronger market position and improved financial profile. Ryan Specialty’s corporate family rating was lifted to Ba3 from B1, while its probability of default rating was raised to Ba3-PD from B1-PD. Moody’s ... Read the full article
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
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