Ryan Specialty News

Ryan Specialty Posts 54% Jump in Q4 Net Income

Ryan Specialty reported a 54.6% increase in fourth quarter net income to the same period the prior year, while revenue outpaced Q4 2021 by 14.9%. The Chicago, Illinois-based specialty insurance firm reached fourth quarter net income of $45.8 million, compared …

Markets/Coverages: Ryan Specialty Forms Transactional Risk Practice; Corvus Launches ‘All-in-One’ UW Platform

Ryan Specialty announced the formation of a global transactional risk practice, Ryan Transactional Risk. This global managing general underwriting practice is being created by combining the operations of Concord Specialty Risks (headquartered in New York City) and Ryan Specialty Transactional …

Ryan Specialty Agrees to Acquire Griffin Underwriting in Washington

Ryan Specialty signed a definitive agreement to acquire certain assets of Griffin Underwriting Services in Bellevue, Washington. The acquisition is expected to close in January 2023. Griffin Underwriting is a binding authority specialist and wholesale insurance broker. Griffin offers services …

People Moves: Former W.R. Berkley CUO Hired by ZestyAI; WTW Hires in Corporate Risk, Aerospace; New EVP at Ryan Specialty NSP

Link Nabbed by ZestyAI as Head of Customer Success Cathy Link has joined ZestyAI as vice president of customer success. Link, a seasoned insurance industry leader, and former chief underwriting officer of the W. R. Berkley Company, brings a deep …

Ryan Specialty Acquires Centurion in California

Ryan Specialty acquired certain assets of Centurion Liability Insurance Services LLC in Tustin, California. Centurion is a professional lines wholesale insurance broker and has employees based in Florida and California. Prior to the acquisition, Centurion was partially owned by Insurance …

People Moves: Senior Roles at Ryan Specialty Underwriting Managers; Snyder Named President U.S. Insurance at Argo; Kovach Joins Concert

Ryan Specialty Appoints New Senior Leadership within Underwriting Managers Specialty Chicago-based Ryan Specialty has made appointments to three new senior leadership roles within the Underwriting Managers specialty. Brian Lillis, Chief Operating Officer, has been with Ryan Specialty Underwriting Managers for …

People Moves: Ryan Specialty Names Bodell as CIO; Core Specialty Adds 3 Underwriters in Cincinnati

Ryan Specialty Names Bradley Bodell as Chief Information Officer Ryan Specialty Holdings, Inc named Bradley Bodell as chief information officer. In this role, Bodell will lead Ryan Specialty’s technology and security teams and be responsible for developing the vision, strategy …

Ryan Specialty Expands European Presence With Launch of Madrid Office

Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s transactional risk managing general underwriter, Ryan Specialty Transactional Risks International. Madrid is the firm’s third European/UK office, the second in …

Markets/Coverages: Hub Targets Nonprofits; Ryan Tackles Auto Excess With Axsal; Trisura and HSB Back At-Bay Cyber

Hub Launches Nonprofit Specialty Practice Insurance broker Hub International, with decades of experience in the sector, has launched a nonprofit specialty practice to serve the risk management, insurance and human capital needs of associations, arts and cultural entities, foundations, public …

Markets/Coverages: QBE N.A. Starts Specialty Casualty; Ryan Specialty, Harleysville Team Up; Coalition, Vantage Capacity Partners; Joyn Expands Offerings

QBE North America launches Specialty Casualty business QBE North America today announced the launch of a Specialty Casualty business as part of its strategy to invest in areas where the insurer can offer distinct advantages to business customers. Offerings will …