RT Specialty, the wholesale broking specialty of Ryan Specialty, has launched the Ryan Specialty Public Entity Casualty Program (RSPE), aiming to provide insurance solutions for municipalities, educational institutions, and special service districts.
The program, supported by an AM Best "A X" rated carrier and a panel of global reinsurers, is designed to address risk management challenges faced by public entities, an area historically characterized by limited risk transfer options. RSPE offers flexible structures and coverage options intended to meet the needs of complex public sector risks.
The program offers liability coverage up to $5 million per occurrence, available as follow-form excess, retained limits, or reinsurance. It also provides flexibility with a variety of attachment points and structural features, such as annual aggregate deductibles and aggregate stop losses.
RSPE also considers a range of classes, including municipalities, public schools, community colleges, special service districts, and transit authorities. Eligibility is open to pools and individual risks, with a minimum self-insured retention (SIR) of $100,000 and a minimum premium of $125,000 per account.
Chris Connacher, senior vice president of public entity at RT Specialty, said the new program positions RT Specialty alongside established carriers in the public sector.
Earlier this year, RT Specialty also announced a swathe of appointments for the office presidents of RT Binding Authority, its binding authority platform that provides specialty coverage solutions.
Separately, Ryan Specialty also announced that Chris Kelleher will be appointed president of SUITELIFE Underwriting Managers, effective June 30, 2025. SUITELIFE is part of the Ryan Specialty Underwriting Managers division and focuses on the hotel and resort industry.
Kelleher will assume this role while continuing his responsibilities as president of Ryan Specialty National Programs Dealer Services and Self Storage programs. He joined Ryan Specialty in 2020 through the acquisition of All Risks and has more than 30 years of experience in the specialty insurance sector, including 17 years in delegated authority programs.
John Welty, current president of SUITELIFE Underwriting Managers, announced his retirement effective June 30, 2025. Welty expressed his support for Kelleher’s appointment, wishing him success in leading SUITELIFE.
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