Ryan Specialty

RT Specialty promotes Murrey to president of commercial lines binding authority

Wholesaler RT Specialty has named Jason Murrey as president of its commercial lines binding authority business.

RT Specialty promotes Moscowitz to COO

Ryan Specialty has promoted Marissa Moscowitz to chief operating officer of its wholesale distribution division, RT Specialty.

RT’s Brenda Austenfeld elected WSIA president

RT Specialty’s Brenda Austenfeld was officially elected to serve as the 2024-2025 president of the Wholesale & Specialty Insurance Association (WSIA) by its membership at the trade body’s annual business meeting this week.

RT Connector adds cyber with other ML and commercial auto in the works

RT Specialty has added cyber liability to its proprietary digital platform RT Connector, with other management liability products, along with commercial auto, set to join the offering in the coming months.

Pat Ryan: Growing opportunity for M&A deals in 2024

M&A remains Ryan Specialty’s “top priority” in relation to capital allocation with the company buoyed by “an uptick” in the number of people ready, or preparing, to sell their businesses, the firm’s chairman and CEO Pat Ryan has declared.

Ryan Specialty organic revenue growth accelerates to 16% in Q4

Ryan Specialty has reported organic growth of 16.0 percent for the fourth quarter, which was up both sequentially over Q3 and compared to the prior-year period, as the intermediary also provided guidance for full-year 2024 organic revenue growth of 12.0-13.5 percent.

Moody’s says Ryan Specialty ratings unchanged on debt repricing

Moody’s continues to hold a B1 corporate family rating and B1-PD probability of default rating with a positive outlook on Ryan Specialty after the wholesale giant said it is repricing its existing $1.65bn senior secured first lien term loan due September 2027.

Turner: Ryan Specialty “geared up to see more flow in cat property” in ‘24

Ryan Specialty president Tim Turner has suggested that catastrophe business will continue to flow into the E&S market next year, with the executive also highlighting his company’s robust M&A pipeline and strong recruitment, as evidenced by adding almost 100 delegated underwriting authority underwriters this year.

PE-backed retailers drive next phase of wholesale relationship consolidation

AssuredPartners is among a number of private equity-backed retail brokers undertaking initiatives to streamline wholesale relationships and bring greater efficiencies to their operations, with the firm dramatically reducing the number of wholesalers it deals with, E&S Insurer can reveal.

Pat Ryan highlights Ryan Specialty’s “independence” as retail-wholesale talk intensifies

Amid suggestions that the big three retailers – Aon, Marsh and WTW – are considering reentering the wholesale space, Ryan Specialty founder Pat Ryan has touted his company’s independence as being “a real differentiator” that leaves it uniquely positioned to succeed even if competition in the sector intensifies.

Pat Ryan highlights Ryan Specialty’s “independence” as retail-wholesale talk intensifies

Amid suggestions that the Big Three retailers of Aon, Marsh and WTW are considering reentering the wholesale space, Ryan Specialty founder Pat Ryan has touted his company’s independence as being “a real differentiator” that leaves it uniquely positioned to succeed even if competition in the sector intensifies.

Ryan Specialty organic rev growth dips to 14.7% in Q3, Ebitdac margin expands 90bps

Ryan Specialty’s organic revenue growth slowed slightly in the third quarter to 14.7 percent from 16.1 percent in Q2 but still in-line with the full-year guidance range of between 13 and 14.5 percent, as the firm expanded its adjusted Ebitdac margin by 90bps to 29.3 percent.

WTW lays out service level standards for big three wholesalers following RFP

WTW has published a document detailing various commitments Amwins, RT Specialty and CRC Group have signed up to, including providing details of the markets being approached on wholesale placements and allowing the retailer direct access to underwriters when requested, E&S Insurer can reveal.

Reshaping the retail-wholesale complex

After this publication reported in its September issue on potential moves from the big three brokers to get into the wholesale arena – one of the topics du jour at the WSIA Annual Marketplace in San Diego – the CIAB-hosted Insurance Leadership Forum earlier this month saw the rumour mill go into overdrive.

The rise of the big three wholesalers

Eighteen years ago in the aftermath of Eliot Spitzer’s assault on the broking industry, Marsh, Aon and Willis all sold their wholesale brokerage operations.

RT Connector readies to add cyber and commercial auto to platform

RT Connector - RT Specialty’s digital marketplace for micro commercial business – is adding further offerings to its product suite with the platform poised to launch cyber liability and commercial auto coverages in the next few months.

RT Specialty’s McCormack: No slowdown in E&S market momentum

There is no sign of a slowdown in the momentum that has driven double-digit E&S market growth in each of the last five years, according to RT Specialty president Ed McCormack.

JMP notes Ryan Specialty “built to be successful” as initiates coverage

JMP Securities analysts have initiated coverage on Ryan Specialty amid a forecast that the Pat Ryan-led wholesaler will record strong and sustainable growth for the foreseeable future, fuelled by both macro tailwinds and its structure and business strategy.

Ryan Specialty’s Turner expects “very long” runway in shift of business to E&S market

Tim Turner said on Wednesday the threat of climate change and ongoing surge in cat activity means that non-admitted capacity is “an absolute necessity” to getting cat-exposed property deals done, with the migration of business to the E&S channel expected to last for years.

Ryan Specialty reveals $255mn price for Socius and highlights “robust” M&A pipeline

Ryan Specialty said its acquisition of $40mn-revenue wholesaler Socius Insurance Services included consideration of $251.9mn in cash and $2.7mn in stock as chairman and CEO Pat Ryan highlighted a “robust” M&A pipeline, including in a benefits segment where it has also recently closed acquisitions.