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Ryan Specialty Announces AXSAL Re, Auto Liability Alternative Risk MGU


MAY 11, 2022 | CHICAGO, IL
– Ryan Specialty (NYSE: RYAN) is pleased to announce an innovative solution to the challenging buffer layer auto liability excess market. AXSAL Re is a member-owned group captive managing general underwriter designed specifically for transportation companies or other insureds with large fleets. AXSAL Re is managed by Keystone Risk Partners, Ryan Specialty’s leader in Alternative Risk placements. AXSAL Re is distributed through insurance brokers and agents.

Kieran Dempsey, Chief Underwriting Officer of Ryan Specialty and President of Ryan Alternative Risk, remarked, “The team at Keystone Risk Partners has developed AXSAL Re to provide value and innovation to this distressed market. This auto liability managing general underwriter is focused on offering an alternative solution to traditional insurance, allowing insureds buffer layer stability for the balance of the excess tower that follows. It is an innovative solution at the right time in the market.”

Andy Lewis, CEO of Keystone Risk Partners, added, “We are very excited for this offering and know that it is the right solution for many transportation and large fleet companies. The state of the excess commercial automobile market is strained and is demanding alternatives for their insurance. AXSAL Re is an interesting and innovative option that has been developed from this strong need.”

For more information, please contact Doug Deitch, President of Keystone Risk Partners, at:
DDeitch@keystonerisk.com or 610.228.4858

 

About Ryan Specialty

Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. ryansg.com

About Keystone Risk Partners

As a leader in alternative risk placements, Keystone Risk Partners executes its strategy by working with brokers to provide a supplement to traditional insurance capacity, both in the admitted and E&S markets, or to provide an insurance solution when more conventional capacity is not available to address the needs of the insured at a price the insured will accept. keystonerisk.com

About AXSAL Re

AXSAL Re, distributed by an alternative risk managing general underwriter, provides buffer layer auto liability excess capacity through a group captive structure for commercial transportation and large fleet companies. AXSAL Re is supported by an A+ XV carrier and functions as a typical excess auto liability policy facilitating the continued development of a traditional excess tower for all insureds.

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