Ryan Specialty unveils new leadership of underwriting unit

Ryan Specialty Group (RSG) has unveiled the new leadership of its managing underwriting division RSG Underwriting Managers with Nick Cortezi becoming chairman & CEO, and Matt Nichols as president.

Mike Rice, who currently leads RSG Underwriting Managers, is retiring at the end of the year. He has been appointed as senior chairman of the unit through year-end.

Both Cortezi and Nichols joined RSG with the merger of independent wholesale insurance broker All Risks earlier this month. All Risks specialises in the US excess and surplus lines sector.

“We are fortunate to have Nick and Matt at this time to succeed Mike and join the existing excellent management team at RSG Underwriting Managers," said Patrick Ryan, founder, chairman & CEO of RSG. "Nick and Matt have experienced high-teens double digit compounded annual organic growth for the past 20 years and have long established relationships with insurance carriers and brokers. The programs that Nick and Matt have created are unique, innovative and a win-win for both carrier and client. I am very much looking forward to Nick’s and Matt’s leadership and further development on the success of RSG Underwriting Managers. I’d like to again thank Mike Rice for his valued guidance during this transition period as Senior Chairman and for his leadership of RSG Underwriting Managers these past ten years.”

Cortezi said: “I am looking forward to working with the exceptional team of professionals that comprise RSG Underwriting Managers and doing all that I can to help continue the buildout of its capabilities.”

Nichols added, "I look forward to participating in the continued growth of RSG Underwriting Managers and working with our talented team. Combining RSG Underwriting Managers with All Risks Programs creates an even stronger team for assisting our clients with the placement of their insureds."

Rice commented: “The combination of RSG Underwriting Managers and All Risks Programs creates a dynamic linkage of underwriting professionals and their products, led by a world class management team. The future is indeed bright in the hands of this group.”