USQRisk names co-founders Zipper and Bavishi as co-CEOs

USQRisk (USQ) has announced that Michael Zipper (pictured left) and Parag Bavishi (pictured right) have been promoted to co-chief executives of USQ effective August 1, 2025. USQRisk is part of the alternative risk division of Ryan Specialty. USQ’s current chief executive, Anibal Moreno, will be stepping down, effective July 31, 2025, to focus on personal interests.

Zipper is a co-founder and serves as president of USQ. He leads in structuring solutions and risk financing strategies for (re)insureds and risk takers, utilising traditional property & casualty, credit, and financial products. Prior to USQ, he was a senior executive and General Counsel of the alternative risk transfer and insurance linked securities/collateralized reinsurance businesses of Allianz.

Parag Bavishi is also a co-founder of USQ and serves as chief underwriting officer. He has 20+ years of experience in alternative risk transfer/risk finance re/insurance. Bavishi currently oversees pricing, underwriting and portfolio management with USQ and maintains the re/insurance relationships for the alternative risk transfer business. Prior to joining USQ, he held senior executive roles in underwriting and actuarial functions at Allianz, Northbridge and Zurich.

In a joint statement Zipper and Bavishi said, “Since USQ’s founding five years ago, Anibal has consistently brought, innovation and leadership to the company’s evolution. We are grateful to Anibal for his vision and courage to build a first-of-its-kind MGA concept and the years he devoted to growing the business. As Co-CEOs of USQ, we look forward to carrying forward USQ’s mission to deliver innovative, bespoke risk solutions to our clients.”

Moreno commented, “As USQ enters an exciting new chapter following the acquisition by Ryan Specialty, I’ll be stepping down – grateful, proud and inspired by our accomplishments and thankful to the team and everyone that supported our mission along the way. It’s been a privilege to work alongside Michael Zipper and Parag Bavishi for over a decade. Their insights, expertise and unwavering drive make them the perfect leaders to carry USQ’s vision forward. While I’m stepping away, I will remain a passionate believer in USQ and look forward to watching its continued impact, from a different vantage point.”

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