All Ryan Specialty articles
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NewsRyan: AM Best PA framework “controversial but as a principle I like it”
Speaking at the inaugural Program Manager Conference in New York today, Ryan Specialty founder, chairman and CEO Pat Ryan said he liked in “principle” AM Best’s new ratings for MGAs and delegated underwriting firms but acknowledged there were issues with the concept which he predicted will be ironed out over ...
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News
Ryan Specialty unveils casualty-focused Emerald Underwriting Managers MGU
Senior executives speaking on Ryan Specialty’s first quarter earnings call on Thursday said that the company was close to launching Emerald Underwriting Managers, a company-owned start-up MGU focusing on primary and excess casualty risk that will have exclusive access to Nationwide paper through its Harleysville subsidiary.
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News
Ryan Specialty lifts top-end of ‘22 organic revenue guidance to 15.5%
Ryan Specialty has raised the top-end of its forecasted full-year 2022 organic revenue growth to 15.5 percent, with the wholesaler’s management telling analysts that while conditions are expected to cool off later this year, less competition than initially expected has entered the market.
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Ryan Specialty organic revs +20.1% in Q1, as Ebitdac margin slips by 260bps
Ryan Specialty Group increased organic revenues by 20.1 percent in the first quarter, an acceleration from the 15.4 percent growth rate the firm had in Q4, though the company’s adjusted Ebitdac margins slipped by 260 basis points to 27.7 percent in Q1.
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News
Ryan Specialty’s Keystone launches auto liability excess buffer layer-focused MGU
Ryan Specialty’s Keystone Risk Partners has unveiled a new member-owned group captive MGU targeting business in the troubled buffer layer auto liability excess market.
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News
Ryan Specialty confirms Tyluki hire for PERse, promotes RT ECP trio
Ryan Specialty has confirmed Brian Tyluki has joined renewable energy MGU PERse, a move first revealed by The Insurer, while wholesale brokerage unit RT Specialty has made three environmental and construction professional (ECP) promotions.
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Ryan Specialty strikes new pact with Nationwide for alternative risk deals
Ryan Specialty Group (RSG) has landed a new capacity deal with Nationwide that gives the wholesaler exclusive access to the mutual giant’s subsidiary Harleysville of New York to write alternative risk deals.
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News
RT’s Austenfeld: Tough property market presenting carriers with “specific opportunities”
Difficult property market conditions were once again a top theme at the Wholesale and Specialty Insurance Association (WSIA)’s mid-year underwriting summit, but the president of national property at wholesale intermediary RT Specialty said market conditions are ripe for carriers to capitalize on the dislocation.
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News
Ryan Specialty working on three de novo MGUs including excess casualty offering
Ryan Specialty Group is working on three de novo managing general underwriters (MGUs) and has recruited “several” industry leaders to focus on an excess casualty offering which it is in the final stages of securing capital for, the wholesaler’s leadership team has confirmed.
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News
Ryan Specialty posts 15.4% organic growth and 70bps Ebitdac margin increase in Q4
Ryan Specialty Group ended Q4 2021 with organic growth of 15.4 percent and an adjusted Ebitdac margin that increased to 31.8 percent, with chairman and CEO Pat Ryan stating the results “capped off a banner 2021”.
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News
Ryan Specialty’s ISA recruits NSM’s Johnston to lead new program
Ryan Specialty Group managing general underwriter Irwin Siegel Agency (ISA) has recruited NSM Insurance Group’s Jennifer Johnston to oversee the development and build-out of its newly formed excess and surplus (E&S) lines social service program.
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News
TRU secures $100mn of wood frame builder’s risk capacity from panel
Technical Risk Underwriters’ carrier panel has stepped up to provide the construction-focused Ryan Specialty Group MGU with $100mn of wood frame builder’s risk capacity.
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Burns named president of RSG’s TRU
Ryan Specialty Group has announced the appointment of Chris Burns as president of its construction MGU Technical Risk Underwriters (TRU).
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Comment
Where aggregated risk meets a multi-platform carrier
Two strong themes in the evolution of the distribution/MGU model and the (re)insurer model in recent years have been aggregation of risk by expansive intermediaries with underwriting platforms, and the emergence of multi-platform carriers aiming to allocate risk to the right form of capital.
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Aspen expands participation across Ryan Specialty’s MGU portfolio
Aspen Insurance Holdings has entered into an agreement with Ryan Specialty Group that will see the Bermudian carrier materially increase its participation across the intermediary’s MGU platform, providing capacity to an additional seven programs in the US and Europe.
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News
Ryan Specialty to offer $400mn of notes in private placement
Ryan Specialty Group has announced it intends to offer up to $400mn aggregate principal amount of senior secured notes due 2030 in a private offering, with part of the proceeds to be used for acquisitions.
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News
Ryan Specialty closes deal for captive specialist Keystone
Ryan Specialty Group has completed the acquisition of certain assets of Pennsylvania-based Keystone Risk Partners, a deal that boosts the Pat Ryan-led wholesale broker’s alternative risk capital offering.
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News
Scor also pulls back from Amwins SRU and RT’s JEM MGU in cat retrenchment
Scor has pulled its property cat capacity from Amwins’ exclusive Special Risk Underwriters platform and RT Specialty’s exclusive JEM Underwriting Managers facility in addition to its previously reported retrenchment from giant MGU AmRisc, The Insurer can reveal.
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Ryan Specialty bullish on M&A opportunities in wholesale transactional, binding and MGUs
Consolidation is not complete in the wholesale transactional broking sector, while M&A opportunities abound in the binding authority and MGU spaces, according to Ryan Specialty Group founder, chairman and CEO Pat Ryan.
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Pat Ryan: Wholesalers bring value to retailers through specialisation and talent
The relationship between retailers and wholesalers has evolved significantly over the last 15 years as wholesale brokers have developed “exceptional expertise” in lines of business and industry verticals that have increasingly added value to their retail broker clients, according to Pat Ryan.
