Reinsurance News
Ryan Specialty
Jason Lentz promoted to President of RT Specialty High Net Worth
8th August 2024
RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Jason Lentz to President of RT Specialty High Net Worth, RT Specialty’s national high net worth personal lines practice. Lentz, who is based in Las Vegas, Nevada, has nearly 20 years of expertise across the insurance sector, the last eight ... Read the full article
Ryan Specialty and MagMutual enter exclusive partnership for healthcare facility coverage
7th August 2024
Ryan Specialty, an international specialty insurance company, has entered into a new exclusive partnership with MagMutual, the mutual insurer of physicians and hospitals in the US. This collaboration will be managed through Sapphire Blue, known for its advanced solutions for complex healthcare risks, and is part of Ryan Specialty's underwriting division, ... Read the full article
Ryan Specialty reports 18.8% revenue growth for Q2’24 to $695.4m
2nd August 2024
International specialty insurance firm, Ryan Specialty Holdings, Inc. has reported a Q2 2024 total revenue growth of 18.8% year-over-year to $695.4 million compared to last year’s $585.1 million. According to Ryan Specialty, this increase was primarily due to continued solid organic revenue growth of 14.2%, driven by new client wins, expanded ... Read the full article
Final agreement reached for Ryan Specialty to acquire US Assure
2nd August 2024
Ryan Specialty, an international specialty insurance intermediary, has announced a definitive agreement to acquire US Assure Insurance Services of Florida, Inc., a Jacksonville-based specialist in builder's risk insurance that will be integrated into Ryan Specialty's Underwriting Managers Specialty division. Founded in 1977, US Assure is a trusted name in the small ... Read the full article
Ryan Specialty unifies its subsidiaries under MGU RFL, expanding product offerings
2nd August 2024
Ryan Specialty has unified its Ryan Financial Lines (RFL), its international financial lines managing general underwriter, launched in December 2023 and expanded its product offerings, with the first phase implemented in March 2024 with EmergIn Risk rebranding into RFL Cyber. RFL has now completed the rebranding, and unifying ... Read the full article
Ryan Specialty and Private Client Select launch excess & surplus lines distribution partnership
26th July 2024
Private Client Select Insurance Services LLC (PCS), an independent Managing General Underwriter mainly owned by American International Group, Inc. (AIG) and Stone Point Capital LLC, has revealed a new partnership with Ryan Specialty. In this partnership, Ryan Specialty will exclusively serve as the wholesale broker for PCS in the High and ... Read the full article
Edward F. McCormack to become CEO of RT Specialty
3rd July 2024
Ryan Specialty Holdings, the international specialty insurance firm, has made a number of executive leadership team promotions for Ryan Turner Specialty (RT Specialty), the company's wholesale brokerage division, effective October 1, 2024. Among these promotions, Edward F. McCormack will become Chief Executive Officer of RT Specialty. McCormack has served as President of RT ... Read the full article
Ryan Specialty announces Tim Turner as new CEO as part of leadership succession plan
1st July 2024
Ryan Specialty Holdings, Inc., an international specialty insurer, has announced that its Board of Directors has unanimously approved a leadership succession plan to be implemented on October 1st, 2024. Under this plan, Patrick G. Ryan, the Founder, Chairman, and Chief Executive Officer (CEO), will transition to the role of Executive Chairman, ... Read the full article
Ryan Specialty promotes Derek Pouliot to Chief Reserving Officer of RSUM
12th June 2024
International specialty insurance firm Ryan Specialty has announced the appointment of Derek Pouliot to Chief Reserving Officer of Ryan Specialty Underwriting Managers (RSUM). RSUM is Ryan Specialty’s suite of managing general underwriters and national programs, providing tailored insurance solutions for specific industries. In his new role, Pouliot will oversee the valuation of ... Read the full article
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