RSG poaches AIG execs for marine business

Ryan Specialty Group (RSG) has appointed marine insurance executive Jorge Pecci as president and chief executive officer of the newly formed specialty marine underwriting manager, Safe Waters.

Pecci is responsible for all aspects of the specialty marine business, growing initially in the US and Latin America, focusing on yacht and cargo. Ray Stahl is also joining Safe Waters as senior vice president (SVP) to head the yacht practice.

Pecci joins the firm from AIG, where he was marine regional executive for the Americas. He began his career in insurance with AIG in 1993, working in a variety of marine managerial positions.

Stahl also joins from AIG, where he was most recently SVP, global recreational marine practice. Prior to joining AIG in 2007, Stahl was SVP, recreational marine for ACE.

Safe Waters will initially have locations in Florida and New Jersey with forthcoming announcements regarding Latin American operations.

Miles Wuller, chief operating officer of RSG Underwriting Managers (RSGUM), said: “We are pleased to have Jorge join us at RSGUM. Jorge is a recognised marine insurance industry expert with significant global management and operational experience.

“In addition to spearheading the development of RSGUM’s specialty marine underwriting manager, we look to Jorge’s deep relationships in Latin and South America to further expand RSGUM’s geographic presence.”

Pecci added: “Our business approach will be customer centric, dedicated to offering tailor made solutions and superior added value services. I am excited to join the RSGUM family because they represent the future of the specialty lines space with an authentic focus on providing unparalleled solutions to the customer.

“Further, I am delighted to be joined by Ray who is a world class Marine executive with unique relationships in the marketplace and a leading yacht underwriter.”