Introducing Technical Risk Underwriters (TRU)
January 20, 2011, CHICAGO, IL – Ryan Specialty Group, LLC (RSG) today announced the launch of Technical Risk Underwriters, a specialty Managing General Underwriter (MGU) focused on providing best in class underwriting for complex construction and property risks.
Headquartered in Austin, Texas, TRU is led by a highly-experienced group of underwriters, engineers and construction specialists dedicated to developing and deploying new analytical tools for broadening clients’ property risk-transfer options.
TRU provides immediate availability of a Course of Construction Difference in Conditions (DIC) and Deductible Buy-Down Program. The program is backed by A.M. Best currently rated “A+” XV insurers with capacity for policies that may be up to 36 month term. Coverage capabilities include: named windstorm and storm surge, earth movement including sprinkler leakage, flood, including soft costs and extra expense, and is available for projects of all sizes and scope.
Michael J. Pilla, President, TRU, explains, “CAT exposed risks require the attention of veteran specialists with the latest underwriting technology. We pride ourselves on our ability to provide relevant insurance products. In addition, our underwriting experience, combined with our technical modeling and other capabilities, enhance our ability to provide responsive solutions to sophisticated coverage requests. TRU is also in the process of developing other products for construction and technical risk clients that range from small projects to large engineered risks.”
Patrick G. Ryan, Chairman and C.E.O., Ryan Specialty Group, says of the new MGU, “TRU’s ability to create meaningful new underwriting capacity through a best in class operations platform offers clients with complex exposures a unique channel for CAT property risk-transfer and technical risk products that are much needed in today’s marketplace.” For more information about TRU, contact Mike Pilla, (512)-574-3100 or firstname.lastname@example.org.
For more information on this release, contact Chelsey Krull, (312)-784-6043, email@example.com.
About Technical Risk Underwriters (TRU)
Technical Risk Underwriters (TRU) is part of Ryan Specialty Group Underwriting Managers, LLC, which is a subsidiary of Ryan Specialty Group, LLC. TRU is based in Austin, Texas. As a managing general underwriter, TRU focuses on creating insurance and engineering solutions for Course of Construction and CAT exposed risks. www.ryansg.com
About Ryan Specialty Group, LLC
Ryan Specialty Group, LLC is a global holding company specializing in wholesale brokerage, MGU/MGA underwriting facilities and other specialty services to agents, brokers and carriers. www.ryansg.com