Ryan Specialty, the international specialty insurance intermediary, announced the appointment of Stephen Stewart as chief executive officer of Ryan Specialty Canada Ltd., the newly formed Canadian operating and holding entity for Ryan Specialty’s underwriting management businesses in Canada.
Stewart will hold his new role as CEO of Toronto-based Ryan Specialty Canada in addition to his current position of president and CEO of Stewart Specialty Risk Underwriting, a Ryan Specialty managing general underwriter.
With the formation of its Canadian holding entity, Ryan Specialty completes the amalgamation of its Canadian operations, including the Canadian operations of the following managing general underwriters:
- Alive Risk
- Global Special Risks
- PERse (Power. Energy. Risk.)
- Ryan Transactional Risk
- Stewart Specialty Risk Underwriting
- Technical Risk Underwriters
- Trident Marine Managers
As CEO of Ryan Specialty Canada Ltd., Stewart will lead the continued growth of Ryan Specialty’s Canadian platform while maintaining the underwriting discipline and specialist focus that have defined Stewart Specialty Risk Underwriting and Ryan Specialty’s other Canadian units.
The legal integration is already underway, said Ryan Specialty, and teams are actively engaging with new colleagues across underwriting, operations, and support functions to build a unified Canadian platform.
“Bringing together all of our managing general underwriters under one Canadian entity and proven country specialty insurance leader provides RSUM a single, focused view of the wider Canadian market,” commented Miles Wuller, CEO of Ryan Specialty Underwriting Managers (RSUM).
“This consolidation enables each of our MGUs to more seamlessly tap into the broader RSUM platform to better serve our Canadian clients and trading partners,” Wuller said.
“Completing the amalgamation and establishing Ryan Specialty Canada Ltd. is an important milestone for our business,” Stewart said. “It formalizes the structure needed to support long-term growth in Canada and positions our teams to better serve brokers and trading partners nationwide.”
Topics
Canada
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