Ryan Specialty sets up new global transactional risk practice

International specialty insurance firm  Ryan Specialty has established a new global transactional risk practice, Ryan Transactional Risk.

The global managing general underwriting practice is being created by combining the operations of New York-headquartered Concord Specialty Risks and London-based Ryan Specialty Transactional Risks International.

Ryan Transactional Risk will be led by four managing directors, each a longstanding executive of one of the existing managing general underwriters (MGUs).

Representations & warranties and warranty & indemnity insurance will be led globally by James Montgomery, George Pearce and Rich Stansfield.

Specific litigation and contingent liability insurance management, innovation, and global expansion will be led by David De Berry.

Tax insurance will be coordinated by the managing directors, supported by regional leadership and expertise: Bill Kellogg (North America) and Kerry Westwell (Rest of World), with an emphasis on serving the needs of multinational enterprises.

Commenting on the new structure, Miles Wuller, president & CEO of Ryan Specialty Underwriting Managers, said: “The unification of these two exceptional MGUs will enhance both service and solutions to our global clients and carrier trading partners. This new approach will continue to be supported by our growing network of expertise composed of roughly 55 teammates in this practice, served out of eight locations globally.”

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