Aspen and Ryan Specialty join forces | Insurance Business America
Aspen Insurance Holdings has forged an agreement with Ryan Specialty Group to support a diverse international portfolio of delegated underwriting authority business.
Aspen Insurance has joined an additional seven programs from Ryan Specialty Underwriting Managers’ MGU portfolio in a deal that will see the specialty insurer providing capacity across multiple platforms and geographies, with three programs in the US and four programs in Europe.
“This expanded trading partnership showcases Aspen’s comprehensive capabilities, combining insurance, reinsurance, and capital markets to deliver an innovative, risk transfer solution,” said Mark Cloutier, executive chairman and group CEO at Aspen. “We are grateful to the Ryan Specialty team for their trust and confidence and for the opportunity to bring this creative solution to bare, and in doing so further build on our strong trading relationship. We believe that this agreement is a blueprint for creative capital deployment, exemplifying our purpose to bring ‘clarity from complexity.’”
“We greatly appreciate Aspen’s innovation bringing coordinated insurance capital to support our $2 billion international underwriting managers business and its objectives,” said Miles Wuller, president and CEO of RSG Underwriting Managers. “We now benefit from their syndicated support across nine of our MGUs. We thank the Aspen team for their trust of our delegated underwriting stewardship.”