Ryan Specialty Group Announces Leadership Change of RSG Underwriting Managers
SEPTEMBER 15, 2020 | CHICAGO, IL – Ryan Specialty Group, LLC (RSG) is pleased to announce the appointments of Nick Cortezi as Chairman & CEO of RSG Underwriting Managers, LLC and Matt Nichols as President of RSG Underwriting Managers, LLC. Mike Rice, who currently leads RSG Underwriting Managers and recently announced his intent to retire at the end of the year, has been appointed as Senior Chairman of RSG Underwriting Managers, LLC through year-end.
RSG Underwriting Managers, LLC is the managing underwriting division of Ryan Specialty Group and provides centralized governance, shared services, executive leadership and oversight to its specialty underwriting businesses.
Both Nick Cortezi and Matt Nichols joined RSG with the merger of All Risks earlier this month. Nick and Matt bring a wealth of underwriting expertise to RSG Underwriting Managers, having built over 36 unique and innovative programs within All Risks, and are highly respected throughout the industry for their underwriting prowess and keen leadership skills. Upon the merger with RSG, All Risks was the fifth largest specialty intermediary in the US excess and surplus lines sector.
Patrick G. Ryan, Founder, Chairman & CEO of RSG remarked, “We are fortunate to have Nick and Matt at this time to succeed Mike and join the existing excellent management team at RSG Underwriting Managers. Nick and Matt have experienced high-teens double digit compounded annual organic growth for the past 20 years and have long established relationships with insurance carriers and brokers. The programs that Nick and Matt have created are unique, innovative and a win-win for both carrier and client. I am very much looking forward to Nick’s and Matt’s leadership and further development on the success of RSG Underwriting Managers. I’d like to again thank Mike Rice for his valued guidance during this transition period as Senior Chairman and for his leadership of RSG Underwriting Managers these past ten years.”
Commenting on his new role with RSG Underwriting Managers, Nick Cortezi, said, “I am looking forward to working with the exceptional team of professionals that comprise RSG Underwriting Managers and doing all that I can to help continue the buildout of its capabilities.”
Looking to the future, Matt Nichols added, “I look forward to participating in the continued growth of RSG Underwriting Managers and working with our talented team. Combining RSG Underwriting Managers with All Risks Programs creates an even stronger team for assisting our clients with the placement of their insureds.”
Mike Rice, Senior Chairman of RSG Underwriting Managers, affirmed, “The combination of RSG Underwriting Managers and All Risks Programs creates a dynamic linkage of underwriting professionals and their products, led by a world class management team. The future is indeed bright in the hands of this group.”
For more information, Nick and Matt can be contacted as follows:
Chairman & CEO
RSG Underwriting Managers
RSG Underwriting Managers
About Ryan Specialty Group, LLC
Founded in 2010, Ryan Specialty Group, LLC is celebrating its 10th anniversary and is a leading international specialty insurance organization, which offers wholesale brokerage services and delegated underwriting expertise in the form of binding authorities, programs, and 22 highly specialized managing general underwriting companies. In addition to these operating business units, RSG has service providers that are designed specifically for brokers, agents and insurers. ryansg.com