Industry veteran leaves Ryan Specialty 'unexpectedly' after 8 months

The chief executive officer (CEO) of  RSG Underwriting Managers,  Ryan Specialty’s underwriting management specialty, is leaving the company "unexpectedly" after eight months in his role.

Tom Clark (pictured) will resign from his position effective September 30, the company said in a statement, adding that Nick Cortezi and Miles Wuller will continue in their respective roles as chairman and president of Ryan Specialty’s underwriting management specialty.

Clark joined RSG in January this year from Nationwide. He was responsible for further developing RSG's trading relationships with both retail brokers and carriers, working on behalf of RT Specialty and its delegated authority business units within RSG Underwriting Managers.

Clark has over three decades of experience in the insurance industry. Before joining RSG, he was the president of Nationwide E&S/specialty since 2015.

Commenting on the sudden departure, Ryan Specialty chairman and chief executive Patrick Ryan, said: “Tom Clark is one of our industry’s leading professionals, and it is truly unfortunate that his tenure with us is ending so prematurely. We wish Tom the very best and respect his very difficult decision as is right for his family and him.”

Clark stated: “It is unfortunate that I have to unexpectedly step away from my role at Ryan Specialty due to a private personal matter. However, I am extremely thankful for the opportunity to have worked with such a fine team, and I regret that I will not be able to remain a part of this incredible organisation."

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