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Ryan Specialty Group, LLC Launches LifeScienceRisk

Ryan Specialty Group, LLC Launches LifeScienceRisk

May 24, 2011, CHICAGO, ILLINOIS – Ryan Specialty Group, LLC (RSG) today announced the launch of LifeScienceRisk, a Managing General Underwriter specializing in generic pharmaceuticals, medical devices and nutritional supplements. Insurance products include commercial general liability or mono-line products liability for manufacturers, contract manufacturers, repackers and distributors of these life science related products. Available on a non-admitted basis in all states other than Delaware and Rhode Island, the program is underwritten by Catlin Specialty Insurance Co., currently rated “A XV” by A.M. Best.

Chuck Seymour, Chief Underwriting Officer, LifeScienceRisk, says, “Appointed producers and wholesalers now have access to a single source for both primary and excess insurance across our targeted segments of generic pharmaceuticals, medical devices and nutritional supplements. This will accelerate the underwriting decision process considerably.”

RSG Chairman and C.E.O., Patrick G. Ryan adds, “We are enthusiastic about LifeScienceRisk’s expertise in underwriting this complex insurance, and its ability to provide significant limits on behalf of a highly-rated carrier in the life science sector. LifeScienceRisk offers our producers 2 and wholesalers a new and unique distribution channel, which optimizes response time and profitability for our production sources.”

For more information about LifeScienceRisk, contact Chuck Seymour. (312) 878-8957. cseymour@lsrisk.com, or visit www.lsrisk.com for more information.

For more information on this release, contact Chelsey Krull, (312)-784-6043, ckrull@ryansg.com.

 

About Ryan Specialty Group, LLC (RSG)

Ryan Specialty Group, LLC is a global holding company for wholesale brokerage, MGU/MGAs and other specialty services to agents, brokers and insurance carriers. www.ryansg.com

 

LifeScienceRisk

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