Ryan Specialty

President Tim Turner noted two pricing trends: property “stabilization” and casualty “acceleration”.

The Insurance Insider US news team runs you through the earnings results for the day.

The carrier will reassess the market in the fourth quarter, or early in 2025.

The MGA platform has been under auction since last year.

Moscowitz joined RT Specialty in 2019.

Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.

The deals completed in 2023 represented over $140mn of annual historic revenue, Ryan said.

Devers’ was on the board of Ryan Specialty since 2013.

The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.

The subsidiary will offer clients and capital providers a wide-ranging, single platform of financial lines products, with operations across the US, Europe, LatAm and London.

He was previously president of Kelly Underwriting Services, now part of CorRisk.

In Q3, inorganic growth added over four percentage points to the brokerage’s top line, as multiples remain “pretty consistent”.