Ryan Specialty merges MGUs
RSG Underwriting Managers (RSGUM), a subsidiary of Ryan Specialty Group, is merging its managing general underwriters (MGUs) ThinkRisk and EmergIn Risk to operate under a unified brand.
RSG’s first MGU ThinkRisk has underwritten media liability, specialised E&O coverages and cyber products for US businesses since 2010.
EmergIn Risk was launched in 2016 and specialises in underwriting complex cyber and tech related exposures for global businesses in industry sectors, including energy/utilities, financial institutions, healthcare, hospitality, manufacturing, retail, and transportation, among others.
Following the merger, both the teams will operate under the EmergIn Risk brand.
Reza Khan will lead the media liability and specialty E&O products on a global basis.
Jamie Bouloux will join Khan in New York to spearhead the global cyber, technology E&O, and miscellaneous E&O initiatives.
The underwriting for EmergIn Risk will continue in the US and London, with Debbie Hobbs assuming the leadership of the London operations.
RSG said that by uniting the two MGUs it will be able to provide deeper underwriting expertise, broader jurisdictional capabilities, and synergies for new, innovative emerging products.
Mike Rice, chairman and CEO of RSG Underwriting Managers, commented: “The combination of these two outstanding underwriting teams allows RSGUM to provide greater depth of products and services to our clients. Working together, Reza, Jamie and the newly merged EmergIn Risk team will collaborate in both the expansion of existing programs as well as the creation of new emerging products.”
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