Ryan Specialty Blog

January 2025 Buzz

Written by Ryan Specialty | Jan 31, 2025 4:30:37 PM


After another busy month at Ryan Specialty, we have put together a collection of the most popular news, events, interviews and other stories from across our firm. Catch up with us by taking a look at the posts below!

JANUARY 2025 BUZZ

Ryan Specialty announced it has signed a definitive agreement to acquire Velocity Risk. Based in Nashville, Tennessee, Velocity is a leading managing general underwriter providing first-party insurance coverage for catastrophe-exposed properties and will become a part of Ryan Specialty Underwriting Managers. Read the press release here.  


RT Specialty is pleased to announce new RT Binding Authority office president appointments effective January 1, 2025. Congratulations to all the new presidents! You can view the appointments here.



Ryan Specialty is pleased to announce that distinguished industry veteran Chris Newby has joined the firm as General Counsel of Ryan Specialty International. Chris, who will succeed Carin Verhagen in that role following her retirement, is based in Ryan Specialty’s international headquarters in London. Congratulations to Carin on an illustrious legal career and welcome to Chris! Read the press release here.


Ryan Specialty announced that Justin Budd has joined Ryan Specialty Underwriting Managers. Justin will serve as Senior Vice President and Head of Internal Consulting, bringing with him many years of insurance experience from across the industry. Read the press release here.


Ryan Specialty is pleased to announce that Sean Ryan has joined Ryan Re Underwriting Managers, a managing general underwriter focused on property and casualty treaty reinsurance. Sean will serve as Executive Vice President and lead Ryan Re’s strategic business development, building upon the strong reinsurance business Ryan Re has created since its founding in 2019. Read the press release here.


If you weren't able to join RT ProExec's Top 10 D&O Stories of 2024 webinar with Kevin LaCroix, Marissa Streckfus and Christopher Bertola, you can watch the full recording here



Thank you to everyone who joined RT Specialty Small Fleet Transportation, RT Connector and RT Environmental & Construction Professional for their "Cheers to You" event in Malvern, PA. What a great kickoff to the new year!


Congratulations to SUITELIFE Underwriting Managers, Ryan Specialty Underwriting Managers' hospitality-focused MGU, on 15 years of providing innovative insurance solutions and risk management programs for hotels, resorts and hotel management companies. Happy anniversary! Read the letter from SUITELIFE President John Welty below.