RSG lures AIG exec to oversee UK MGAs
Insurer Ryan Specialty Group (RSG) has hired a former AIG executive to oversee the development of the company’s managing general agent (MGA) strategy in the UK market.
Peter McKenna, who has joined RSG from AIG, will be based in London and report to Mike Rice, chairman of RSG Underwriting Managers.
McKenna spent 12 years in a variety of senior roles at AIG in the USA, Canada and the UK, most recently as head of financial lines, EMEA.
Rice said: “I am delighted that someone of Peter’s calibre and experience is joining our UK team. He will be responsible for the formation and management of MGAs in the UK insurance marketplace and help us achieve our goals of providing products and services to a wide number.”
Rice explained that while the group’s new foothold in London will “help expand our presence in Europe and the Middle East initially, in the longer term we may also look to Latin and South America and Asia.”
He added: “London remains one of the world’s most dynamic insurance markets, and through Peter’s appointment, we look forward to tapping into the many opportunities which exist here.”
McKenna said: “Mike painted a compelling picture of the strategic opportunity for RSG in this market, and I am keen to play my part in delivering profitable growth.”
