Ryan Specialty

Speakers and panelists pondered the future – specifically InsurTechs, social inflation and low investment yields.

“The market in general remains very poised and disciplined,” Turner noted, adding that standard lines carriers have continued to “stay in their lines” by avoiding riskier business.

Wuller takes over an underwriting business that generated $212mn in revenue in 2020 but grew by nearly 90% in this year’s second quarter to $80mn, following the close of the All Risk deal.

The executive, who took up the post in March, is leaving the company for personal reasons.

In the company’s inaugural earnings call after going public, it also noted the potential M&A deals it is seeing are on the larger end.

The company disclosed on Wednesday evening that total revenue jumped 58% from the second quarter last year to $390mn.

Behrens will work under John Zern as the wholesaler looks to build out a new benefits vertical.

The broker said it was possible that certain personal details were accessed during the hack.

The intermediary’s shares closed trading on Monday at $29.16, a 24% increase from their initial offer price.

The founding CEO said that succession plans were in place and pointed to president Tim Turner as his natural successor.

The wholesale broker’s shares were up by about 8% on the day in the early afternoon, changing hands at $27.81 a share.

The listing price is in the middle of the $22-$25 price range the wholesaler previously said it was targeting.