Ryan Specialty Group Announces Formation of RyanRe Underwriting Managers
June 7, 2018, CHICAGO – Ryan Specialty Group, LLC (RSG) is pleased to announce the expansion of its managing underwriting strategy with the launch of a reinsurance managing general underwriter, RyanRe Underwriting Managers (RyanRe). Working through reinsurance brokers, RyanRe can underwrite treaty and facultative reinsurance and will focus on property, casualty and professional liability.
RyanRe is led by Executive Chairman, Michael D. O’Halleran, along with the CEO and President, Brian Boornazian. Mike O’Halleran is a highly respected reinsurance professional who spent his entire career in the reinsurance sector. The bulk of Mike’s career to date was spent building Aon Benfield one of the industry’s largest and most successful reinsurance intermediaries, which he founded in 1987 and from which he recently retired. Brian Boornazian has been in the reinsurance business for over 35 years and was most recently at Aspen Re where he was Chairman. Having started at Aspen Re in 2004, Brian was instrumental in the company’s successful growth and expansion in the US and globally.
Patrick G. Ryan, Founder, Chairman and CEO of Ryan Specialty Group, commented, “We are thrilled to add Mike and Brian to the RSG family. A reinsurance managing general underwriter is a natural evolution for RSG and expands our strategic underwriting management direction. With RyanRe, we will be able to bring new reinsurance solutions to our agents and brokers.”
Mike O’Halleran added, “I’m am thrilled to join with Pat and Brian to create a dynamic diversified underwriting company that will bring creative solutions to our brokers and clients.”
Remarking on his new company, Brian Boornazian enthused, ”The opportunity to team with Pat and Mike while utilizing the vast and innovative resources of RSG offers a truly unique opportunity to provide high quality, tailored reinsurance solutions to our broker partners and their clients.”
Mike O’Halleran can be reached at Mike.O’Halleran@ryansg.com, 312-635-7793
Brian Boornazian can be reached at Brian.Boornazian@ryansg.com, 860-796-9791
Ryan Specialty Group, LLC
Founded in 2010, Ryan Specialty Group, LLC is a leading international specialty insurance organization which includes a wholesale brokerage firm and highly-specialized managing general underwriting companies designed specifically for brokers, agents and insurers. www.ryansg.com