Ryan Specialty expands presence in Europe with new launch

Ryan Specialty Group has expanded its presence in Europe with the launch of a new office in Madrid, Spain.

The move is a next step in the evolution of the firm’s transactional risk managing general underwriter,  Ryan Specialty Transactional Risks International. Madrid is the firm’s third European/UK office, the second in Spain. It is led by Marta Batalla, director of the Spanish branch,  Ryan Specialty Transactional Risk International.

The office in Madrid will focus on the core transactional risk products of warranty and indemnity insurance and commercial tax liability insurance, servicing brokers across continental Europe.

The company has hired Rafael Giménez-Reyna in Madrid to further expand its European team. Giménez-Reyna joins the international tax team from private practice in which he has spent over 10 years advising clients on Spanish and international tax matters.

Kerry Westwell, head of tax,  Ryan Specialty Transactional Risks Europe, said: “The tax insurance product continues to evolve at a rapid rate, and it is great to be able to add someone of Rafa’s experience to the team. Rafa will be working on international tax risks, but as Spain is currently a busy jurisdiction for tax insurance, it will be extremely beneficial having someone on the ground in Madrid.”

Batalla added: “The transactional risk practice has continued to experience significant growth in the last few years. We now have a team of 30 professionals, including 18 lawyers speaking nine languages, all backed by the strength of  Ryan Specialty. Our deep technical knowledge, consistent underwriting approach, and unwavering work ethic enable the team to review thousands of transactions every year providing superior service to our clients and carrier trading partners.”

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