Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, announced the formation of Ryan Specialty Public Entity, a general underwriter (MGU) focused on the public sector.
MGU, led by President Chris Connacher, will provide casualty and automotive physical damage solutions on an insurance and reinsurance basis to publicly owned, tax-funded entities throughout the United States.
Ryan Professional Public Entities provides customized solutions for single and group tax-funded entities in the public sector such as cities, counties, municipalities, special districts, states, local governments, towns, villages, school districts, community colleges and state universities.
MGU aims to address underserved markets by providing superior underwriting expertise, innovative solutions and responsiveness.
Miles Wuller, CEO of Ryan Specialty Underwriting Managers, said: “The public entity insurance market is facing increasing challenges and poor service levels, and we are excited to bring this solution to market.
“Chris Connacher comes to Ryan Specialty with extensive expertise in public entity underwriting, and we are excited to have Chris and his team become part of RSUM.”
Connacher commented: “We are pleased to become part of Ryan’s family of professional underwriting managers who provide us with centralized technical assistance.
“Ryan Specialized Public Entities is designed to address the well-known difficulties public entity organizations face in obtaining customized solutions that fit their complex needs. Our solutions provide flexible structure and stability to municipalities, educational institutions, and more.”
