Ryan Specialty Completes Acquisition of Castel Underwriting Agencies
01 Mayo 2024 - 6:30AM
Business Wire
Ryan Specialty (NYSE: RYAN), a leading international specialty
insurance firm, is pleased to announce that it has completed the
acquisition of Castel Underwriting Agencies Limited (“Castel”), a
Managing General Underwriting (MGU) platform, from Arch Financial
Holdings (UK) Limited and minority shareholders. Castel is
headquartered in London, England with additional offices in the
Netherlands, Belgium and Singapore. The previous announcement dated
December 21, 2023 regarding the signing of the definitive agreement
can be found here.
Commenting on the acquisition of Castel, Miles Wuller, President
and CEO of Ryan Specialty Underwriting Managers, remarked, “We are
excited to have the exceptional underwriting talent and executive
leadership at Castel join the Ryan Specialty family. Castel brings
new products and facilities that expand our offerings to our
clients and trading partners. Effective immediately, we are pleased
to announce the enhanced leadership team for Ryan Specialty
Underwriting Managers International:
Mark Birrell, Chairman and CEO (most recently
CEO of Castel)
Carin Verhagen, General Counsel (in addition
to her responsibilities as General Counsel at Ryan Specialty
International)
Roland Hill, Chief Operating Officer (most
recently CFO of Castel)
This leadership team will help accelerate our de novo formations
within this region. We are very much looking forward to working
with this incredible team.”
Mark Birrell can be reached at Mark.Birrell@ryansg.com.
About Ryan Specialty
Founded in 2010, Ryan Specialty is a service provider of
specialty products and solutions for insurance brokers, agents and
carriers. Ryan Specialty provides distribution, underwriting,
product development, administration and risk management services by
acting as a wholesale broker and a managing underwriter with
delegated authority from insurance carriers. Ryan Specialty’s
mission is to provide industry-leading innovative specialty
insurance solutions for insurance brokers, agents and carriers.
ryanspecialty.com
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Media Alice Phillips Topping Chief Marketing &
Communications Officer Ryan Specialty
Alice.Topping@ryanspecialty.com (312) 635-5976 Investor
Relations Nicholas Mezick Director, Investor Relations Ryan
Specialty IR@ryanspecialty.com (312) 784-6152
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