Ryan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers.
Nick Cortezi has been named chairman and chief executive officer of RSG Underwriting Managers and Matt Nichols has been named president.
Both Nick Cortezi and Matt Nichols joined RSG with the merger of All Risks earlier this month. With All Risks, Cortezi was CEO and Nichols, president.
The appointments come after the recent announcement by Mike Rice, who currently leads RSG Underwriting Managers, that he will retire at the end of the year. Rice has been appointed as senior chairman of RSG Underwriting Managers through year-end.
All Risks was the fifth largest specialty intermediary in the U.S. excess and surplus lines sector. The combination will have roughly 3,300 employees and more than 70 offices across the United States, the United Kingdom and Europe. Only AmWINS and CRC Insurance Services are larger than RSG and All Risks in the wholesale brokerage space.
RSG Underwriting Managers provides centralized governance, shared services, executive leadership and oversight to its specialty underwriting businesses.
Was this article valuable?
Here are more articles you may enjoy.