Ryan Specialty forms new financial lines MGU

Ryan Specialty has unveiled plans to form a new international financial lines managing general underwriter (MGU), called Ryan Financial Lines.

The MGU is being created by unifying the operations of EmergIn Risk, led by Jamie Bouloux; StartPoint Executive Risks, led by Mark Peeters and Jason Lowney; Ryan Specialty Nordics, led by Sverker Edstrom; Capital Bay, led by Pascal Alvarez; and the professional liability portfolios historically housed within Ryan Specialty National Programs.

All of these MGUs and programmes are currently a part of Ryan Specialty Underwriting Managers (RSUM), the underwriting management specialty within Ryan Specialty. The formation of Ryan Financial Lines, and the bringing together of all the above-listed entities, will roll through the first half of 2024 as the alignment of operations and capital is completed.

Bouloux has been appointed CEO of Ryan Financial Lines. Bouloux joined Ryan Specialty in 2015 to launch the specialist cyber MGU EmergIn Risk. His responsibilities will center on the unification of the various MGUs and programs while leading and developing the strategy. As he transitions into his new role, he will be handing the leadership of cyber over to George Paraskeva, currently President of EmergIn Risk.

Miles Wuller, President and CEO of Ryan Specialty Managing Underwriters, said: “Bringing together the Financial Lines and Professional Liability talent at RSUM will provide greatersynergies and efficiencies to further enhance the solutions and services for our clients and carrier partners. This unified approach will bring together our expanding network of expertise of more than 70 teammates based across a number of key territories.”

Bouloux said: “I’m humbled and honored to be working more closely with these outstanding professionals. By bringing together the niche talent, we have an extremely strong foundation from which to build. Beyond the named, the unified entity presents a comprehensive bench of product experts and underwriters who will work collaboratively to develop a more robust and localized underwriting and claims operation to better service our clients. Together, we are very much looking forward to further enhancing our offerings in the Financial Lines space, working to build a global platform that continues to attract talent and provide strong returns to our trading partners.”