September 1, 2020, CHICAGO, IL – Ryan Specialty Group, LLC (RSG) and All Risks, Ltd. (All Risks) are pleased to announce the completion of the transaction to merge the two firms into Ryan Specialty Group. RSG is an insurance specialist providing services in wholesale brokerage and delegated underwriting authority in the form of binding authorities, programs and managing general underwriting companies. The combination of All Risks and RSG, with roughly 3,300 employees and 70+ offices across the United States, the United Kingdom and Europe, is projected to handle nearly $15 Billion in premium during 2020.
Explaining the strategy of combining these two outstanding companies, Patrick G. Ryan, Founder, Chairman and CEO of Ryan Specialty Group, commented, “The world has become a much riskier place, and our clients’ needs have expanded. As hazards continue to evolve, they are becoming larger and more complex. Social inflation liability, cyber and transactional exposures, among a myriad of other emerging and ever- present unforeseen threats, require forward-thinking responses. To provide our clients the best solutions, we have brought together an exceptional group of brokers and underwriters. Along with the extraordinary talent that All Risks brings to the group, there are over 36 superb specialty programs, an industry leading training and development platform in All Risks University, and a deep, complementary culture. Further strengthened by the former All Risks team, Ryan Specialty Group is in prime position to continue to be nimble and innovative as we create products and find the answers that meet the ever-changing needs of the industry.”
Nick Cortezi, CEO of All Risks, added, “RSG is a natural fit for All Risks. We share the same values, the same focus, and the same will to win. We could not be more excited about bringing these two remarkable companies together. The combination of resources and talent enables us to continue to raise the bar for excellence in wholesale brokerage and rapidly expanding delegated authority responsibilities. Looking forward to great days ahead!”
Terms of the transaction were not disclosed.