Ryan Specialty
-
The business is a binding authority and wholesale broking specialist, with annual revenues of $23mn. -
Inside P&C’s news team runs you through the key highlights of the week.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Management said secular drivers for organic growth remain intact despite headwinds persisting in E&S, M&A transaction liability policies and public D&O.
-
The broker also lowered its organic growth guidance for the full year 2022 to 14.5%-16%, compared with the prior guidance range of 16.5%-18%.
-
The company’s Q3 organic growth decelerated 8.6 points sequentially and 15.2 points year-on-year to 13.7%.
-
Total revenues at the Chicago-based wholesale broker increased 16.7% to $412mn from Q3 last year, driven by the expansion of the E&S market, organic growth and M&A.
-
The new executive will support the company’s underwriting practices, launching new program opportunities, and reinforcing efficient operational activities.
-
The executive worked for JP Morgan after various stints in the insurance industry with State Farm and Allstate.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
The Ryan Specialty CEO said that loose wordings were contributing to the surging size of claims
-
The company also announced it was rebranding Interstate Insurance Management to Ryan Specialty Transportation Underwriting Managers.
Most Recent
-
The Week in Brief: Levered brokers, Chubb Q4, cyber softening
February 03, 2023 -
M&A weekly round-up: Hub, PCF and more
February 03, 2023
