Ryan Specialty
-
The RT Specialty chairman and CEO says the timing of recent M&A was perfect for wholesale brokers looking to grow. -
Trident Marine Managers and Global Special Risks will now share offices and market products together.
-
Wuller will focus on hunting for growth opportunities.
-
Seth Johnson will take over the position on January 1 next year.
-
Cortezi will take over from Mike Rice, who is retiring as chairman and CEO of the underwriting business at the end of the year.
-
All Risks alone is projected to handle $2.6bn in premium this year, most of which was grown organically.
-
“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.
-
The exec has served as chairman and CEO of RSG Underwriting Managers since 2010.
-
Over the last decade, a big three with a much higher percentage market share than its counterpart in the US retail market has emerged.
-
The combination is the latest in a wave of heavy consolidation within the wholesale market.
-
Sources say the deal – the biggest piece of consolidation in wholesale broking in years – has been signed.
