Left, Brian Boornazian; right Emil Issavi, Ryan Re
Ryan Specialty Group (RSG) has created a new formalised leadership structure for Ryan Re Underwriting Managers (Ryan Re), an RSG subsidiary that underwrites on behalf of Nationwide.
Brian Boornazian is named as executive chairman, while Emil Issavi becomes chief executive officer and president. Both men remain actively engaged in all aspects of Ryan Re’s management, underwriting and business development.
In addition, Steve Capodanno becomes chief operating officer of Ryan Re, while retaining his responsibilities as head of claims.
Ryan Re was founded in 2019 to specialise in North American property and casualty (P&C) treaty reinsurance.
Patrick Ryan, chairman and chief executive officer of RSG, said the new leadership team has developed Ryan Re since its incubator stage. “In less than two years Ryan Re has established itself as a premier market for North American P&C treaty business,” he said.
Ryan Re, Brian Boornazian, Emil Issavi, Steve Capodanno, Patrick Ryan