Ryan Specialty

Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.

The deals completed in 2023 represented over $140mn of annual historic revenue, Ryan said.

Devers’ was on the board of Ryan Specialty since 2013.

The deal follows this publication’s report that the Bank of America-run sale process of Castel was drawing robust interest.

The subsidiary will offer clients and capital providers a wide-ranging, single platform of financial lines products, with operations across the US, Europe, LatAm and London.

He was previously president of Kelly Underwriting Services, now part of CorRisk.

In Q3, inorganic growth added over four percentage points to the brokerage’s top line, as multiples remain “pretty consistent”.

The Inside P&C news team runs you through the earnings results for the day.

Anthony Kuczinski has over 38 years of (re)insurance experience, including 15 years as president and CEO of Munich Reinsurance US Holdings.

The medical stop-loss MGU produces annual revenue of around $25mn.

Rate declines have not been as pronounced in private D&O, though competition is increasing.

Guerville has worked at Ryan Specialty for nearly seven years in various positions, including actuarial director, director of underwriting and deputy CUO.