Ryan Specialty Group Inc., a global specialty insurance firm, has announced leadership changes within Ryan Financial Lines (RFL), its financial lines managing general underwriter.
These changes include both new appointments and expanded roles as the organization seeks to enhance its capabilities and growth in the international market, effective January 1, 2025.
Richard Winborn will assume the role of president of RFL. He will focus on the firm's international expansion and retail operations in the United States. Winborn was previously the managing partner of Themis, a division of Innovisk Capital Partners acquired by Ryan Specialty.
Read more: Ryan Specialty completes Innovisk acquisition
Patrick Mitchell, the current chief underwriting officer, will expand his responsibilities to include chief operating officer duties. Mitchell, who joined the company in May 2024, has over two decades of experience in underwriting and operations.
Jamie Bouloux, CEO of RFL, emphasized the significance of these changes to the company especially on leadership optimization to meet strategic objectives.
"[Winborn] adds a highly respected, seasoned insurance executive to fuel our international growth. [Mitchell] expands his focus and team to optimize our operations and execute on our strategic priorities while continuing to lead our underwriting team,” said Bouloux.
RFL was created in December 2023 through the integration of multiple operations, including EmergIn Risk, StartPoint, Ryan Specialty Nordics, Capital Bay, and others. The division also incorporates several key acquisitions, such as Geo Europe, Castel NAPL, and financial lines underwriting units from Innovisk.
The company has positioned itself to deliver a centralized underwriting and claims model.
"With our centralized underwriting and claims leadership team in place, we are best aligned to meet our clients’ needs by bringing a more expansive product set across a broader geographic scope, all while focusing on making profitable returns to our capital trading partners,” said Bouloux.
Ryan Specialty operates globally, offering a single platform of financial lines products tailored for diverse markets, including small-to-middle enterprises and large insured entities.
With these leadership changes and its commitment to expansion, Ryan Financial Lines continues to emphasize growth and adaptability in a competitive market.
Will these changes drive growth and enhance client services? Share your thoughts in the comments.
