Reinsurance News
Ryan Specialty
Paradiso Risks joins Ryan Specialty‘s Alive Risk MGU
17th December 2024
Ryan Specialty has announced that Paradiso Risks is joining its sports, leisure and entertainment (SLE) managing general underwriter (MGU), Alive Risk. Paradiso, an MGU specialising in contingency and non-appearance insurance, became a part of the firm through the acquisition of Castel Underwriting Agencies on May 1st, 2024. Founded in 2022, Paradiso is ... Read the full article
Ryan Financial Lines appoints new President and COO
6th December 2024
Ryan Specialty, an international specialty insurance firm, has announced two key leadership appointments for its international financial lines managing general underwriter, Ryan Financial Lines (RFL), effective January 1, 2025. Richard Winborn has been named President of RFL, where he will focus on international expansion and US retail operations. Winborn brings over two ... Read the full article
Ryan Specialty unveils new notes offering to support acquisition opportunities
3rd December 2024
Ryan Specialty has revealed that net proceeds from a new $600 million notes offering will be utilised for future acquisition opportunities and investments consistent with its strategy. The specialty insurance services firm announced that Ryan Specialty, LLC, its indirect subsidiary, priced an offering of $600 million aggregate principal amount of additional ... Read the full article
Ryan Specialty appoints new executives at RSUM International
2nd December 2024
Ryan Specialty has appointed Mark Birrell as Executive Chairman and James Montgomery (Monty) as Chief Executive Officer of Ryan Specialty Underwriting Managers International (RSUM International) effective January 1, 2025. According to Ryan Specialty, both of these executives are based in RSUM International’s London headquarters. Birrell, previously Chairman and CEO of Castel Underwriting Agencies, ... Read the full article
Ryan Specialty in final talks to acquire Innovisk Capital
4th November 2024
Ryan Specialty, an international specialty insurance services firm, has announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Through the acquisition, Innovisk will be integrated into Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty. The acquisition is anticipated to ... Read the full article
Ryan Specialty reports organic revenue growth of 11.8% in Q3’24
1st November 2024
International specialty insurance firm Ryan Specialty Holdings, Inc. has reported revenue growth of 20.5% year-over-year to $604.7 million in the third quarter of 2024, compared to $501.9 million in the prior-year period, while net income spiked 82.4% year-over-year to $28.6 million. The organic growth rate for the quarter was 11.8% for ... Read the full article
Ryan Specialty announces key leadership appointments in international underwriting segment
24th October 2024
Ryan Specialty, an international specialty insurance firm, has announced key leadership appointments within its international underwriting segment, Ryan Specialty Underwriting Managers International (RSUMI). Ben Purkiss has joined as Head of Business Development for RSUMI, where he will focus on identifying new opportunities for the company’s international operations. He brings over a decade ... Read the full article
Ryan Specialty announces new leaders for its underwriting segment RSUM
4th October 2024
Ryan Specialty, an international specialty insurance firm, has announced three leadership appointments within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Miles Wuller, President and Chief Executive Officer of RSUM, commented, “I’m pleased for RSUM to continue to fuel the development and promotion of exceptional internal talent, as well as ... Read the full article
Ryan Specialty completes acquisition of MGA Geo Underwriting Europe
3rd October 2024
Ryan Specialty, an international specialty insurance firm, has completed the acquisition of certain assets of Geo Underwriting Europe BV (Geo Europe), a European managing general agent (MGA) and part of The Ardonagh Group. This follows the initial announcement of the acquisition on September 3, 2024. Based in Rotterdam, Netherlands, with operations ... Read the full article
Ryan Specialty completes Ethos Specialty’s P&C MGUs acquisition from Ascot
16th September 2024
Specialty insurance firm Ryan Specialty has completed the acquisition of Ethos Specialty Insurance’s P&C managing general underwriters (MGUs) From Ascot Group Limited. Ryan Specialty had signed a definitive agreement to acquire these MGUs back in September. Upon completion of the acquisition, Ethos P&C, established in 2017 by Ascot Group, will be ... Read the full article
Ryan Specialty appoints Tom Daniels as MD of LifeScienceRisk International
13th September 2024
Ryan Specialty, an international specialty insurance firm, has announced the appointment of Tom Daniels as Managing Director of LifeScienceRisk International, based in London. LifeScienceRisk, part of Ryan Specialty Underwriting Managers, focuses on delivering tailored insurance solutions for the life sciences sector. With 18 years of global insurance experience, including the last nine ... Read the full article
Ryan Specialty to acquire Ethos Specialty’s P&C MGUs from Ascot
3rd September 2024
Ryan Specialty has signed a definitive agreement to acquire the property & casualty (P&C) MGUs owned by Ethos Specialty Insurance, LLC (Ethos P&C) from Ascot Group Limited, with the acquisition expected to close during September 2024. Ethos P&C was founded in 2017 by Ascot Group, and following completion of the acquisition, ... Read the full article
Ryan Specialty to acquire certain assets of MGA Geo Underwriting Europe
3rd September 2024
Ryan Specialty, the international specialty insurer, has signed a definitive agreement to acquire certain assets of the European managing general agent (MGA), Geo Underwriting Europe BV (Geo Europe), which is part of The Ardonagh Group. The company is based in Rotterdam, Netherlands, but also has operations in Germany. The company specialises ... Read the full article
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
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