Ryan Specialty Group (RSG) News

Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque

Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed. London-based Innovisk has become part of Ryan Specialty Underwriting Managers …

Ryan Specialty in Discussions to Acquire UK’s Innovisk Capital Partners

Ryan Specialty, the Chicago-based specialty insurance services firm, announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments LP. As a result of the acquisition, Innovisk would become a part of Ryan Specialty …

Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …

Aspen Expands Agreement to Provide Capacity for Ryan Specialty’s MGU Portfolio

Bermuda-based Aspen Insurance Holdings Ltd. announced it has entered into agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business. With effect from Jan. 1, 2022, Aspen has joined an additional seven programs from …

People Moves: Wuller Promoted to CEO of RSG Underwriting Managers, Replacing Clark

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, …

Ryan Specialty Underwriting Managers CEO Clark Departs for Personal Reasons

Ryan Specialty Group announced that Tom Clark, chief executive officer of RSG Underwriting Managers, Ryan Specialty’s underwriting management specialty, will resign from his position effective September 30, 2021, after only six months with the firm. “It is unfortunate that I …

Ryan Specialty Group Reports It Suffered Cyber Breach in April

Newly public brokerage firm Ryan Specialty Group reported today on a data security incident that happened in April. The firm said that on or about April 17, 2021, it became aware of “unusual activity” related to certain employee email accounts …

Ryan Specialty Launches Initial Public Offering with 57M Shares

Chicago-based insurance broker Ryan Specialty Group Holdings has filed for its planned initial public offering. Ryan Specialty is offering 56,918,278 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the Securities and …

Hathaway to Lead RT Specialty Transportation; Beecher Named President at Interstate

Doug Hathaway has been appointed as head of RT Specialty’s National Transportation Practice as well as its commercial transport program: Interstate Insurance Management (Interstate). Hathaway has served as chief underwriting officer at Interstate since February 2020. Prior to that he …

Ryan Specialty Group Prepares for IPO

Specialty insurance broker Ryan Specialty Group has filed a proposal with the Securities and Exchange Commission for an initial public offering (IPO). The number of shares of Class A common stock to be offered and the price range for the …