Ryan Specialty expects organic growth headwinds to worsen into 2023: CEO Ryan
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Ryan Specialty expects organic growth headwinds to worsen into 2023: CEO Ryan

Ryan Specialty chicago Pat Ryan and Tim Turner v2.jpg

Ryan Specialty CEO Pat Ryan has said that headwinds from an increasingly challenging insurance and macroeconomic environment are expected to carry into the first half of 2023 – a trend largely seen among brokers in the US this quarter, as many have shown deceleration in organic growth.

The company’s Q3 organic growth decelerated 8.6 points sequentially and 15.2 points year-on-year to 13.7%, amid an overall public broker market slowdown.

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