Ryan Specialty Group’s Global Special Risks Announces Full Underwriting Authority for Upstream Solutions Energy Package
January 8, 2015, CHICAGO, IL – Ryan Specialty Group’s Global Special Risks (GSR), a subsidiary of RSG Underwriting Managers, LLC, announced today a new binding authority for the Upstream Solutions Energy Package, which provides products for oil and gas operators and non-operators of North American-based exploration and production companies. This new authority is the result of GSR’s longstanding relationships with the London insurance market and is backed by some of the most experienced oil, gas and energy Underwriters at Lloyd’s of London.
Steven J. England, President and CEO of GSR says of the new binding authority, “We are excited about this improved offering for operators and non-operators in the US and Canada. Our ability to underwrite, quote and bind business from Houston for North American retailers will provide much improved turnaround times for our trading partners.”
The package will be underwritten in Houston, Texas by GSR’s Chief Underwriting Officer, Thomas Morelli. Lines of coverage available in the new package include Control of Well (limits up to $50 million), Primary General Liability (limits up to $1 million, $2 million aggregate), Umbrella (limits up to $10 million) and Property (limits up to $20 million).
GSR specializes in underwriting various exposures in the upstream oil and gas business. The majority of GSR’s business is placed through exclusive programs, such as this new facility for Upstream Solutions.
For more information on this release, contact Chelsey Krull, (312) 784-6043, firstname.lastname@example.org.
About Ryan Specialty Group, LLC and Global Special Risks (GSR)
Global Special Risks, LLC (GSR) is a subsidiary of RSG Underwriting Managers, LLC (RSGUM). RSGUM is a member of Ryan Specialty Group, LLC (RSG), a global holding company which includes highly-specialized underwriting companies under the RSG UM brand, a London operation, wholesale brokerage and other specialty services designed specifically for agents, brokers and insurers. For more information on GSR and RSG, visit www.globalspecialrisks.com and www.ryansg.com.