Pat Ryan News

Rival Wholesale Brokers Ryan Specialty Group and All Risks Agree to Merge

Two of the largest property/casualty insurance wholesalers are looking to merge. The deal will unite Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in Delray Beach, Florida, which has close to $2.6 billion …

AIG Finalizes Acquisition of Program Manager Glatfelter Insurance

American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition its General Insurance business and return to profitability. …

Suit by Aon Founder Ryan Claims IT Startup Swindled Him Out of Millions

Aon Corp. founder Patrick G. Ryan claims he was cheated out of hundreds of millions of dollars when Mu Sigma Inc. downplayed its own growth prospects in a ruse to buy back his investment company’s early stake in the fast-growing …

Ryan Specialty to Buy Direct Group in UK

The Ryan Specialty Group (RSG) announced that it would “significantly strengthen its MGA and third party administration (TPA) capabilities in the UK” with an agreement to acquire insurance services provider Direct Group for an undisclosed consideration. The acquisition is subject …

Surplus Lines Execs Address Leadership, Perpetuation

Four industry leaders attempted to tackle explaining the definition of “leadership” and what it takes to be a leader, while addressing perpetuation concerns during the “Next Generation Panel Discussion: Developing the Future Leaders of Our Industry” at the annual National …

Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee

Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and the distribution and administration businesses Lutine Assurance Services Ltd., Jubilee Service …

R-T Specialty to Acquire American E&S from Wells Fargo

Chicago-based R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group, has agreed to purchase the wholesale insurance business of American E&S Insurance Brokers (AES) from Wells Fargo Insurance Services. R-T Specialty said it will acquire substantially all of the …