Ryan Specialty Group has promoted Miles Wuller to chief executive officer of its RSG Underwriting Managers business, effective September 30, 2021.
Wuller’s promotion comes on the heels of an announcement from current RSG Underwriting Managers CEO Tom Clark that he was resigning for “personal reasons.”
Read more: Ryan Specialty reveals IPO pricing
Patrick Ryan, founder, chairman, and CEO of Ryan Specialty Group, said that Wuller is the “obvious and natural successor” to assume Clark’s role.
“Miles has been with Ryan Specialty from the very beginning, joining the company in 2010, and has done a fantastic job in helping build this great organization,” said Ryan. “Miles is a proven and strategic leader, and we look forward to the growth of our managing underwriters specialty under his continued direction and guidance.”
Meanwhile, Nick Cortezi, chairman of RSG Underwriting Managers, said that Wuller’s promotion is “well deserved and reflective of the essential role that he has played in developing and leading RSG Underwriting Managers.”
“His deep expertise in the underwriting management field will serve our trading partners and underwriting and service teams well,” said Cortezi. “I look forward to supporting Miles as he continues to develop breadth and depth in our underwriting platform.”
For his part, Wuller said that the promotion “is a very proud milestone in my career with Ryan Specialty.”
“I appreciate Pat’s and Nick’s confidence, and the support and dedication of all my colleagues,” said Wuller. “It has been a tremendous 11 years, and I am even more excited about the future chapters as we continue to build Ryan Specialty’s international managing underwriting and programs practice.”
In a statement, Ryan Specialty confirmed that Wuller would continue in his current role of president of RSG Underwriting Managers.
The group recently reported “outstanding” financial results for the second quarter of 2021, with total revenue jumping 58.3% year-over-year to $390 million.