Ryan Specialty
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Cortezi will take over from Mike Rice, who is retiring as chairman and CEO of the underwriting business at the end of the year.
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All Risks alone is projected to handle $2.6bn in premium this year, most of which was grown organically.
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“We’re going to continue to see the push for higher attachments,” said Zurich’s head of wholesale excess casualty. -
The executive joined the company in 2013 following the wholesaler’s acquisition of SH Smith.
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The exec has served as chairman and CEO of RSG Underwriting Managers since 2010.
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Over the last decade, a big three with a much higher percentage market share than its counterpart in the US retail market has emerged.
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The combination is the latest in a wave of heavy consolidation within the wholesale market.
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Sources say the deal – the biggest piece of consolidation in wholesale broking in years – has been signed.
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Acquisitive broking group buys Pennsylvania-based MGU.
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The Ryan-O’Halleran vehicle may have to combat difficult questions as it looks to establish itself.
Related
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