Ryan Specialty

The Ryan Specialty CEO said that loose wordings were contributing to the surging size of claims

The company also announced it was rebranding Interstate Insurance Management to Ryan Specialty Transportation Underwriting Managers.

Ryan Specialty president Tim Turner said that the overall flow of submissions into the excess channel “continues to grow at a record pace” with no signs of slowing down.

The program provides up to $15mn in capacity per account and is underwritten by Ryan Specialty-owned MGU EmergIn Risk.

Evans has more than 10 years of experience with NSP.

The company announced three promotions to senior leadership roles, including Eric Quinn and Chris Taggart to senior vice president.

The executive added that the second quarter saw a larger movement of business into E&S due to the challenging reinsurance renewal cycle for the admitted market.

The intermediary raised its forecasted range for organic for the full year to 16.5% to 18%.

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The broker accelerated organic growth by 4.7 points sequentially to 20.1%.

Total revenue at the Chicago-based broker grew 24.2% year-on-year to $387mn, up from the 16% growth reported in the previous quarter.

Tyluki joins PERse from GCube Insurance, and has 18 years of experience in energy coverage.