Ryan Specialty
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Ethos’ transactional liability MGU is not included in the deal. -
The executive previously spent over 11 years at Captive Resources.
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The underwriting units produced revenue of $11mn in the year to June 30.
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Geo Europe CEO Walter Craft will remain with the financial lines business.
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The Houston, Texas-based program manager will join Ryan Specialty’s healthcare MGU Sapphire Blue.
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Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
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The wholesaler is shifting its business mix towards delegated underwriting, which should help sustain growth.
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The promotion follows a distribution trading partnership deal with MGU PCS.
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The acquisition includes up to $400mn of performance-based contingent considerations measured through 2026.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The announcement confirms news this publication revealed in July.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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