Ryan Specialty
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Ryan Alternative Capital Re was launched in partnership with Axis Capital. -
The executive succeeds current CEO Petway, who is retiring.
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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The wholesaler also paid nearly $29mn for the Irish MGU 360 Underwriting.
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The president expects to see benefits from the deal in H2 2026.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Lion's share of Markel Re staff have been offered roles at Ryan, with others to work on run-off.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The Michigan-based firm will join Ryan Specialty’s binding authority division.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
