Ryan Specialty Group announced the appointment of Miles Wuller to chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty.
Wuller will replace Tom Clark who is resigning from the position for personal reasons effective Sept. 30, 2021, after only six months with the firm.
Wuller also will continue in his role as president of RSG Underwriting Managers, a role he assumed about one year ago. Wuller was previously executive vice president of RSG Underwriting Managers.
Wuller joined RSG in 2010, originally as global treasurer leading capital activity and executing RSG’s mergers and acquisitions strategy. As senior vice president of RSG Underwriting Managers, he has led the integration of the underwriting group’s acquisitions and start-ups into one unified operating platform in addition to providing executive leadership for the underwriting companies.
Ryan Specialty Group announced last week that Clark is leaving the firm. Clark joined RSG on March 1, 2021 as executive vice president. He had been president of Nationwide E&S / Specialty since 2015.
Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty Group, said Wuller is the “obvious and natural successor” to assume the CEO post. “Miles is a proven and strategic leader, and we look forward to the growth of our managing underwriters specialty under his continued direction and guidance,” Ryan said.
Ryan Specialty Group Holdings completed its initial public offering on July 26, raising $1.34 billion. Its results for the second quarter included 58.3% growth in total revenue year-over-year to $390.0 million, compared to $246.3 million in the prior-year period.
In reporting its second quarter results, Ryan touted “significant progress in the quarter” in all facets of the business due to momentum “primarily driven by new client wins, expanded relationships with existing clients and premium rate increases.”
Ryan noted that during the second quarter, the firm furthered the integration of its acquisition of All Risks and the “impact of that acquisition continues to resonate in the marketplace.”
Topics Underwriting
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