Ryan Specialty
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Onex CEO Bobby Le Blanc will retire from Ryan Specialty’s board of directors. -
The HNW MGA previously had an exclusive distribution agreement under a partnership signed in July 2024.
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Quota share is less common in the medmal space, where layered and shared structures have been dominant.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker continues to expect 20% to 30% property rate reductions, as well as increased market competition.
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The Insurance Insider US news team runs you through the earnings results for the day.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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Howden is facing fallout from its push into the US retail market via mass hires.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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Jeremiah Bickham will be a strategic adviser until the end of the year.
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The $20bn+ TIV data center is seen as the leading edge of significant new demand.
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The executive will initially focus on casualty fac business incoming as the result of the Markel renewal rights deal.
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Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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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.
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The executive is departing for a role at Birch Risk.
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The company completed the acquisition yesterday.
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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The program will offer liability coverage up to $5mn per occurrence.
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ISA is part of Ryan Specialty National Programs, which launched last month.
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After a period of business building, MGAs will likely spend more time optimizing.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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Keogh worked at Aon for nearly 30 years before retiring in 2022.
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CEO Kieran Dempsey will relinquish the additional title of president.
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The executive will join the firm effective May 1.
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Ryan Specialty National Programs consolidates several RSUM business units.
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WKFC’s chief executive D’Onofrio will become RSUM’s global CUO.
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Eric Quinn was named president of Ryan’s MGU operations as Mark Engel joined in marine and energy.
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This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
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CEO Tim Turner said the firm still has an ambitious M&A pipeline and financial flexibility to execute deals.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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Richard Winborn joins as president, while Patrick Mitchell takes on the COO role.
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The MGU also announced a string of promotions to leadership, including RWI CUOs and a new head of Europe.
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The MGA platform will become part of Ryan Specialty Underwriting Managers.
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Management is showcasing its ambition, but it’s also dialing up risk.
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The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
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Rate deceleration in property cat increased in September, and property pricing overall was down in Q3.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The sale is expected to close next month, though terms are not yet final.
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This follows a spate of program manager deals Ryan Specialty has made.
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The binding authority market is also “ripe” for consolidation, the CEO said.
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Howard Siegel remains CEO of the MGU.
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With the move, RT adds a CEO to its binding authority and a CEO to its RT ProExec businesses.
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Ethos’ transactional liability MGU is not included in the deal.
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The executive previously spent over 11 years at Captive Resources.
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The underwriting units produced revenue of $11mn in the year to June 30.
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Geo Europe CEO Walter Craft will remain with the financial lines business.
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The Houston, Texas-based program manager will join Ryan Specialty’s healthcare MGU Sapphire Blue.
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Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
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The wholesaler is shifting its business mix towards delegated underwriting, which should help sustain growth.
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The promotion follows a distribution trading partnership deal with MGU PCS.
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The acquisition includes up to $400mn of performance-based contingent considerations measured through 2026.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The announcement confirms news this publication revealed in July.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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The arrangement enables PCS to expedite growth.
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A quick roundup of today’s need-to-know news, including the DoJ/NatGen lawsuit and RenRe's earnings call.
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The facility will write management, financial and professional lines.
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US Assure has been exploring a potential sale through a narrow process run by Dowling Hales.
