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!
MAY 2025 BUZZ
Congratulations to RT Specialty on winning Wholesale Broking Company of the Year for the third year in a row and to RT Specialty President and RT National Property CEO Brenda (Ballard) Austenfeld on receiving the Lifetime Achiever award to a standing ovation at The Insurer's E&S Insurer Awards in New York!
We are excited to share that Ryan Specialty's acquisition of Velocity Risk was named M&A Deal of the Year at The Insurer's 2025 Program Manager Awards celebrating the innovative transaction as one that will shape the market for years to come.
Congratulations to RT Specialty on being named one of Insurance Business America's Fast Brokerages for the fourth year in row, recognizing it as an insurance brokerage that has recently experienced outstanding growth. Read the article here.
Congratulations to RT Specialty Transportation on winning the Canal Insurance Company Cornerstone Award as their most profitable MGA, recognizing the combined excellence from RT Small Fleet and RT Brokerage Transportation!
We shared that RT Specialty has been named a 5-Star Workers' Compensation Insurance Company in California by Insurance Business America, which uses series of one-on-one interviews with specialist brokers and a survey of the agents and brokers their network to find the top workers' comp insurance solutions in the state. Check out the article here.
Ryan Specialty announced that it has completed the acquisition of certain assets of USQRisk Holdings, LLC. Formed in 2020 by an experienced management team operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative risk business within Ryan Specialty. Read the press release here.
Ryan Specialty announced that it has acquired 360° Underwriting, a managing general underwriter specializing in commercial construction. 360 is based in Dublin and Galway, Ireland and will become a part of Ryan Specialty Underwriting Managers.Read the press release here.
Ryan Specialty Underwriting Managers announced the launch of a new product that will specialize in insuring the risk of cost overruns for environmental remediations and clean-ups. Ryan Transactional Risk Enviro will be providing environmental remediation cost overrun insurance for corporate transactions and divestures, mergers & acquisitions and real estate development projects. This product aims to eliminate or minimize the risk of cost overruns while remediating environmental exposures of known pollution/contaminants associated with these transactions and projects.
Ryan Transactional Risk Enviro uses its remediation excess policy form, in conjunction with its unique defined-scope agreement, to provide insurance coverage for the risk of these potential cost overruns. Ryan Transactional Risk Enviro is part of Ryan Transactional Risk and will be open to both global and regional brokers and agencies within the United States, bringing together the experienced underwriting team of Cole Russo, Roland Costanzo and Al Nesheiwat. Learn more about Ryan Transactional Risk here.
Ryan Specialty and RT Specialty proudly participated in the 2025 Annual Builder’s Risk & Construction Symposium! With 550 attendees representing all facets of the construction insurance industry, it is an incredible opportunity to engage with leaders in the field. A special thank you to Mark Katz, EVP and General Counsel, for co-founding this impactful event, and to our Founder and Executive Chairman, Pat Ryan, for delivering an inspiring keynote address. We look forward to continuing the conversation around innovation and collaboration in construction insurance!
Ryan Specialty CEO and RT Specialty Chairman Tim Turner had the pleasure of delivering the keynote address, "The Golden Age of E&S," at the The Insurer's E&S Insurer Conference in New York, exploring the key factors that have shaped the E&S market's past, present and future.
Ryan Specialty Underwriting Managers CEO Miles Wuller had the honor of presenting "Structural changes driving the acceleration and permanence of the MGA model" at The Insurer's Program Manager conference in New York, discussing the growing capabilities and sophistication of MGU/MGA platforms.
Ryan Specialty announced the appointment of Brad Storey to President of irwin siegel agency, Ryan Specialty Underwriting Managers' social service industry-focused managing general underwriter. With this appointment, Howard Siegel becomes Executive Chairman of ISA. Read the press release here.
Read RT Specialty's new US Property Insurance Review, with a market overview and deep dive into the 2025 Atlantic hurricane season, severe convective storms, wildfires and builder's risk insurance.
Check it out here.
Watch Anibal Moreno, who recently joined Ryan Specialty with USQRisk, discuss the role of alternative risk markets in the insurance industry with AM Best TV at last week's RIMS (Risk and Insurance Management Society, Inc.) RISKWORLD in Chicago. Watch it here.
Ryan Specialty Underwriting Managers attended The BIBA Conference, including Aqueous Underwriting and Square Pegs Underwriting.
RT Specialty ProExec released a new edition of The Scoop, bringing together the biggest professional and executive liability insurance stories over the past month and touching on EPL, cyber, social inflation, D&O, fiduciary insurance and more. Read it here.
RT Specialty's workers' compensation team was happy to sponsor and attend the Independent Insurance Agents & Brokers of California Blue Ribbon Conference in Hawaii. Thank you to everyone who joined us!
How can artificial intelligence revolutionize the review of complex documents like geotechnical reports? Nick Hays, VP of Risk Management at Technical Risk Underwriters, shared his insights in an interview with AM Best TV during the 2025 Mid-Year Meeting of the Target Markets Program Administrators Association (TMPAA) in Dallas. Learn more about the innovative tools driving efficiency and accuracy in risk management by watching the full interview here.
Thank you to everyone who joined RT Specialty and Ryan Specialty Underwriting Managers at Big I New York's Go Big - Long Island conference! It was a pleasure connecting with you all, and we look forward to speaking with you again soon.
