RSG: A unique approach
Our job is to give the underwriting talent the freedom to do its best work—that means assisting managing general underwriters (MGUs) with arranging capital and designing new products or granting them access to distribution channels on a larger scale or operations infrastructure.”
That is how RSG Underwriting Managers (RSGUM, the specialty underwriting business of Ryan Specialty Group) chairman and chief executive officer Mike Rice describes the secret to the company’s rapid growth. With roughly 400 employees across six countries, this specialty underwriting business comprises 22 specialty property and casualty MGUs— and has ambitious growth plans for the portfolio.
The company’s vision is that each MGU provides specialty expertise in distinct market niches in the E&S sector. These sectors encompass industries such as energy, marine, healthcare, enterprise risk, construction and more, all of which are areas where specialisation offers advantages for clients.
“We look for unique MGUs in specialty lines that have a proven track record of profi tability and a platform from which they can grow and evolve. This growth potential is sourced not only through the unparalleled expertise of our underwriters, but through the capital and distribution channels that RSGUM brings to the table,” says Rice.
A brand built on exacting standards
Miles Wuller, chief operating officer of RSGUM, stresses just how careful the company is in terms of the acquisitions it makes. He says the company often reviews between 60 and 70 opportunities to acquire entire companies or teams every year. Opportunities are a combination of internally sourced and market processes.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom