Company Research Report: Ryan Specialty, LLC

Company Overview

• Name: Ryan Specialty, LLC

• Mission of the Company: To provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers.

• Founded: 2010

• Founder: Patrick G. Ryan, the founder and former Chairman and CEO of Aon Corporation.

• Key People:

• Patrick G. Ryan - Founder & Executive Chairman

• Ben Purkiss - Head of Business Development, RSUMI

• Graeme Rayner - Chief Underwriting Officer for International

• Vicky Lefevre - Senior Vice President, Head of HR International

• Headquarters: Chicago, Illinois

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Ryan Specialty is known for providing specialty products and solutions for insurance brokers, agents, and carriers, acting as both a wholesale broker and a managing underwriter.

Products

Wholesale Brokerage

• RT Specialty: Distributes a diverse mix of specialty property, casualty, professional lines, personal lines, and workers’ compensation insurance products to retail brokerage firms.

• Key Features: Variable-cost distribution, extensive relationships with retail brokers.

Binding Authority

• RT Binding Authority: One of the largest binding authority platforms offering local expertise and national resources.

• Key Features: Local knowledge with national authority, extensive resources.

Underwriting Management

• Ryan Specialty Underwriting Managers: Provides specialty delegated authority underwriting services through managing general underwriters and offering distinct national specialty programs.

• Key Features: Specialization in market niches including energy, healthcare, transportation, construction, hospitality, and marine industries.

Recent Developments

• New Hires and Leadership Appointments:

• Announced new leadership hires within Ryan Specialty Underwriting Managers International, including Ben Purkiss, Graeme Rayner, and Vicky Lefevre, to enhance the international specialty underwriting segment.

• Acquisitions:

• Completed the acquisition of certain assets from Geo Underwriting Europe and EverSports & Entertainment Insurance.

• Acquired assets relating to Ethos Specialty Insurance’s P&C managing general underwriters, expanding the team at PERse Americas.

• Expansion in Renewable Energy Sector:

• PERse Americas team enhanced with the addition of three renewable energy casualty experts, further strengthening Ryan Specialty's position in the renewable energy insurance market.

• Launch of New Programs and Risk Solutions:

• Integration of the Clean Tech program under the PERse banner, focusing on providing innovative insurance solutions for renewable energy assets and technologies.

Conclusion

Ryan Specialty continues to expand its footprint in the international specialty insurance market through strategic leadership appointments, acquisitions, and the introduction of new products and solutions, particularly in the renewable energy sector. The company's focus on innovation, expertise, and collaborative growth underscores its mission to provide exceptional outcomes for its clients.