Ryan Specialty National Programs

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  • Ryan Specialty National Programs

    Ryan Specialty National Programs has in-house, specialty program underwriters who quote, bind, issue and service policies as well as monitor rate adequacy on behalf of our exclusive carrier trading partners. With in-house binding authority, multiline capability and some of the broadest coverage available, our program developers see niche markets with few viable specialty insurance programs.

  • News Releases

    Chris Newby Joins Ryan Specialty International as General Counsel

    Ryan Specialty International has announced the appointment of Chris Newby as its new general counsel. With over 25 years of legal and insurance industry expertise, Newby steps into the role following the upcoming retirement of Carin Verhagen, who has served the firm for 12 years.

    A Legacy of Leadership

    Verhagen, a seasoned professional with a career spanning more than three decades, has been instrumental in Ryan’s growth. Known for her advocacy for women in the workplace, Verhagen brought her expertise from senior legal roles at Aon Corporation and Ryan Specialty. Her dedication and leadership will be celebrated as she concludes her tenure at the end of February. Mark Katz, general counsel of Ryan Specialty, commended Verhagen’s contributions, stating, "We would also like to express our enormous appreciation to Carin for her extraordinary commitment and contributions to Ryan Specialty.”

    New Leadership with Global Expertise

    Chris Newby brings a wealth of experience to the role, having held key positions at AIG, including general counsel for the UK and EMEA and chief operating officer of AIG Europe Ltd. His comprehensive understanding of international legal landscapes positions him to drive growth in key regions. Based in London, Newby will oversee legal and compliance functions, aligning with the firm’s strategic goals. Mark Katz expressed confidence in Newby’s leadership, “Chris brings a wealth of international legal experience to Ryan Specialty. We welcome not only his acute legal acumen and talented executive leadership skills, but also his deep knowledge of the UK and EMEA landscapes as we look to expand Ryan Specialty International deeper into these geographies.”

    Looking Ahead

    Newby officially assumed his role this week, marking the beginning of a new chapter for Ryan Specialty International. With his appointment, the firm aims to strengthen its presence in the UK and EMEA markets while building on the strong foundation laid by Verhagen. As the company continues to expand, Newby’s leadership will play a pivotal role in navigating the legal and compliance challenges of an ever-changing global insurance industry.
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    Ryan Specialty Holdings: Leading the Charge in Insurance Industry Growth

    Ryan Specialty Holdings (RYAN) has captured the attention of the insurance world with its strong financial performance and bullish stock pattern. The wholesale broker and managing underwriter has become a standout in the insurance-broker industry, offering a range of specialized services and products to brokers, agents, and carriers. With impressive profit growth and rising stock performance, Ryan Specialty is gearing up for its next big move as it approaches a crucial buy point.

    Consistent Profit Growth Fuels Confidence

    Ryan Specialty Holdings has demonstrated steady and significant profit growth. In the second quarter of 2024, the company's adjusted earnings grew by 29%, following impressive gains of 30% and 35% in the two previous quarters. With growth forecasts of 31% for the current quarter and 32% and 28% in subsequent periods, Ryan Specialty is clearly outperforming its peers in the insurance-broker industry. “We continue to be well positioned to deliver sustainable and differentiated profitable growth,” remarked CEO Patrick Ryan. The company also announced that President Tim Turner will succeed Ryan as CEO in October, signaling leadership continuity amid its rapid growth.

    Strong Revenue Growth and Market Performance

    Revenue growth has also been robust for Ryan Specialty, with second-quarter revenue increasing by 19%. The company has maintained an average growth rate of 20% over the past five quarters, and estimates show sales will increase by 19% to 23% over the next four quarters. This momentum has positioned Ryan Specialty as a top performer in the insurance-broker industry, ranked No. 1 in Investor’s Business Daily's (IBD) group ratings. The company's stock has been gaining strength, with shares climbing 49% this year. Ryan Specialty’s stock is forming a bullish chart pattern, indicating further growth potential. The stock is currently in a stage-one ascending base with a 69.03 buy point. Shares have seen a positive reaction to earnings reports, surging nearly 10% after its second-quarter results and reaching a record high.

    Institutional Support and Future Outlook

    Ryan Specialty's stock is receiving significant institutional support, with mutual funds holding 63% of shares and management owning 14%. The stock boasts a 99 IBD Composite Rating, indicating superior growth metrics, and its Earnings Per Share Rating stands at 98. With institutional backing and strong leadership, Ryan Specialty is positioned to remain a market leader in the insurance sector. As the company continues to innovate and expand its services, investors and industry experts are closely watching its next move. With projected full-year profit growth of 30% for 2024 and 21% for 2025, Ryan Specialty is well-poised to continue leading the charge in the competitive insurance-broker market.
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    Ryan Specialty Signs Definitive Agreement To Acquire Ethos Specialty Insurance’s P&C MGUs

    Ryan Specialty, a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire the Property and Casualty (“P&C”) MGUs owned by Ethos Specialty Insurance, LLC (“Ethos P&C”) from Ascot Group Limited (“Ascot Group”). Ethos P&C was founded in 2017 by Ascot Group and will become a part of the Ryan Specialty Underwriting Managers (“RSUM”) division of Ryan Specialty. Ethos’ Transactional Liability MGU is not included in the transaction and will remain with Ascot. Ethos P&C comprises eight programs which underwrite on behalf of a diversified panel of insurance carriers. In the property division, the firm specializes in manufacturing, processing & warehousing, excess property, wind deductible buydowns, and all other perils buydowns. Ethos P&C’s casualty coverages include New York contractors, construction wraps, real estate and CleanTech general liability. Remarking on this acquisition, Patrick G. Ryan, Founder, Chairman & CEO of Ryan Specialty, said, “Ethos P&C has established itself as an underwriting manager offering innovation and excellent service in niche specialty lines. Their entrepreneurial spirit and complementary portfolio add depth and breadth to Ryan Specialty. We welcome this team of highly experienced underwriters and look forward to our future together.” Jonathan Zaffino, Ascot Group CEO and President, commented, “Ethos Specialty is a thriving underwriting services business that, since inception, has achieved strong growth and profitability for its trading partners, while bringing innovative specialty insurance programs to the market. We are proud of the many accomplishments of our team and are confident that this strategic transaction will both advance Ascot’s long-term platform optimization goals and foster new opportunities for the Ethos P&C team under Ryan Specialty’s ownership.” Ethos P&C generated approximately $11 million of operating revenue for the 12 months ended June 30, 2024.1 Terms of the transaction were not disclosed. The acquisition is expected to close during September 2024. Evercore served as exclusive financial advisor to Ascot. About Ryan Specialty Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. Ryan Specialty provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. Learn more at ryanspecialty.com. About Ascot Group Ascot Group is a global specialty insurance and reinsurance group with a record of underwriting excellence and superior claims service. Founded in 2001, Ascot provides a broad range of customized property and casualty products to customers worldwide through its Lloyd’s, Bermuda and US market platforms. Ascot Group is owned by Canada Pension Plan Investment Board (CPP Investments), a global investment management organization that manages the assets of the Canada Pension Plan (CPP) in the best interest of the more than 22 million contributors and beneficiaries of the CPP. CPP Investments is the largest pension plan fund in Canada, totaling C$646 billion in net assets. CPP Investments is rated ‘AAA’ by S&P and Moody’s. For more information on Ascot, please visit www.ascotgroup.com.
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