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Ryan Specialty in the News
The company completed the acquisition yesterday.
The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
The Insurance Insider US news team runs you through the earnings results for the day.
The Insurance Insider US news team runs you through this week’s key agency M&A.
The program will offer liability coverage up to $5mn per occurrence.
ISA is part of Ryan Specialty National Programs, which launched last month.
After a period of business building, MGAs will likely spend more time optimizing.
The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
Keogh worked at Aon for nearly 30 years before retiring in 2022.
CEO Kieran Dempsey will relinquish the additional title of president.
Ryan Specialty National Programs consolidates several RSUM business units.
WKFC’s chief executive D’Onofrio will become RSUM’s global CUO.
Eric Quinn was named president of Ryan’s MGU operations as Mark Engel joined in marine and energy.
This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
CEO Tim Turner said the firm still has an ambitious M&A pipeline and financial flexibility to execute deals.
Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
Richard Winborn joins as president, while Patrick Mitchell takes on the COO role.
The MGU also announced a string of promotions to leadership, including RWI CUOs and a new head of Europe.
The MGA platform will become part of Ryan Specialty Underwriting Managers.
Management is showcasing its ambition, but it’s also dialing up risk.
The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
Rate deceleration in property cat increased in September, and property pricing overall was down in Q3.
The Insurance Insider US news team runs you through the earnings results for the day.
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