Ryan Specialty Launches International Financial Lines MGU, Ryan Financial Lines

Ryan Specialty has officially announced the establishment of a new international financial lines managing general underwriter (MGU) called Ryan Financial Lines. This new venture aims to bring together the operations of several existing entities including EmergIn Risk, StartPoint Executive Risks, Ryan Specialty Nordics, Capital Bay, and the professional liability portfolios within Ryan Specialty National Programs.

Effectively immediately, Jamie Bouloux, a long-time member of Ryan Specialty since 2015, has been appointed CEO of Ryan Financial Lines. The formation of this new MGU will see the alignment of operations and capital completed by the first half of 2024.

Miles Wuller, the president and CEO of Ryan Specialty Underwriting Managers (RSUM) expressed his excitement for this new development, stating that the integration of financial lines and professional liability talent at RSUM will result in greater synergies and efficiencies for clients and carrier partners.

Ryan Financial Lines is positioned to operate across the US, Europe, LatAm, and London, offering a comprehensive range of financial lines products and services for both small-to-middle market enterprises and large insured markets. The services include Cyber, Technology E&O, Executive Management Liability Solutions, Financial Institutions Executive and Professional Liability Solutions, Financial Lines Facultative Reinsurance Solutions, and a Multiline International Claims Operation.

As part of the transition, George Paraskeva, the current president of EmergIn Risk, will be taking over the leadership of the cyber division.

In conclusion, the establishment of Ryan Financial Lines represents a significant step forward for Ryan Specialty as it seeks to enhance its international presence and offer a wider range of financial lines products and services to its clients and partners.