Ryan Specialty Group is proud to welcome All Risks to the RSG family effective September 1st, 2020!

RSG Begins Writing in Latin America with Capital Bay Underwriting

January 29, CHICAGO, IL – Ryan Specialty Group (RSG) is pleased to announce the launch of its first Latin American focused managing general underwriter, Capital Bay Underwriting, LLC. Capital Bay’s central emphasis is Financial Lines (re)insurance products for Financial Institutions and Commercial Entities across Latin America and the Caribbean. Capital Bay is a part of RSG Underwriting Managers (RSGUM), the managing general underwriting division of Ryan Specialty Group.

As President and CEO of Capital Bay, Pascal Alvarez is responsible for all aspects of the business growing initially in Latin America and the Caribbean, focusing on D&O, Professional Indemnity and Crime. David Gonzalez is Capital Bay Underwriting’s Chief Underwriting Officer.

The main products offered by Capital Bay include:

  • Directors & Officers’ Liability
  • Employment Practices Liability
  • Bankers Blanket Bond and Electronic & Computer Crime
  • Financial Institutions Professional Indemnity
  • Investment Managers Insurance
  • Private Equity / Venture Capital
  • Commercial Crime
  • Commercial Professional Liability

Capital Bay is located in Miami, Florida, is supported by ‘A’ rated or better carriers and are a Lloyd’s Coverholder.

Pascal Alvarez can be reached at:, +1 786-338-9804

David Gonzalez can be reached at:, +1 786-338-9805

Visit Capital Bay Underwriting at


About Capital Bay Underwriting, LLC

Capital Bay Underwriting, LLC, licensed in Florida as Reinsurance Intermediary Manager license #W455171, is a subsidiary company of RSG Underwriting Managers, LLC. RSG Underwriting Managers, LLC is a Delaware series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through agents and brokers.

About Ryan Specialty Group, LLC

Ryan Specialty Group, LLC is an international specialty insurance organization which includes a wholesale brokerage firm and highly-specialized managing general underwriting companies designed specifically for agents, brokers and insurers.

RSG Underwriting Managers, LLC

RSG Underwriting Managers, LLC (RSGUM) is the managing general underwriting division of Ryan Specialty Group and consists of a series of specialty property and casualty managing general underwriters (MGU). Each MGU provides expertise in distinct challenging market niches. RSGUM provides centralized governance, shared services and executive oversight to its specialty underwriting businesses.

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