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6 June 2018 Insurance

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.

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More on this story

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4 June 2018   Ryan Specialty Group (RSG) has secured a $175 million investment from Toronto-based private equity firm Onex Corporation. The company has framed the deal as a long-term strategic relationship that will enable further growth.
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13 February 2018   Ryan Specialty Group (RSG) has reached a definitive agreement to acquire Lodestar Marine, a managing general agent (MGA) in the protection and indemnity (P&I) fixed premium marine market.