Ryan Specialty
-
Nationwide will provide paper via traditional risk transfer through Ryan Specialty’s managing general underwriters or through the formation of a captive. -
The wholesale broker pointed to its training programs and unique culture as keys to expanding its talent base, but also expects to hire experienced talent.
-
The wholesale broker's Q4 organic revenue dipped to 15.4% as the company expanded operating margins by 70 bps.
-
Founded by Ryan Specialty, the underwriter can now write limits of up to $400mn per project.
-
Johnston will serve as vice president of underwriting at the newly created E&S division, while Skiba will oversee the firm’s claims unit and TPA management.
-
The fresh paper comes in addition to the underwriter’s $150mn of construction builder’s risk and $100mn of critical flood, earthquake and named windstorm capacity.
-
The construction executive has been with the MGA since it was launched more than 10 years ago.
-
Under the terms of the deal, Aspen will provide paper across multiple geographies with three programs in the US and four in Europe.
-
The specialty insurer intends to use the proceeds for general corporate purposes.
-
Craig Willey will be based in Houston and brings aboard operational and transactional experience.
-
Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.
-
Ryan Specialty Group has made yet another acquisition, signing a definitive agreement to acquire certain assets of Keystone Risk Partners.
Related
-
Agency deal roundup: Ryan Specialty and Hilb
April 25, 2025 -
RT Specialty launches public entity casualty program
April 24, 2025