Ryan Specialty and MagMutual announce exclusive relationship

Ryan Specialty is forming an exclusive relationship with MagMutual, the largest mutual insurer of physicians and hospitals in the US. This relationship is through Sapphire Blue, which specializes in developing solutions to healthcare risks and is a part of the firm’s underwriting specialty, Ryan Specialty Underwriting Managers.

Sapphire Blue is a leading underwriter of senior living and allied healthcare liability and will become MagMutual’s exclusive underwriter for policyholders outside the traditional physician and hospital model, most significantly as related to senior living and allied healthcare facilities.

“MagMutual is a leader in the physicians and hospital professional liability insurance market, and we are pleased to strategically align our healthcare practice with them. We appreciate the collaboration of Neil Morrell and MagMutual’s talented team during this process, and we look forward to jointly bringing innovation and greater customer solutions to our clients and their insureds.” – Patrick G. Ryan, Founder, Chairman, and CEO of Ryan Specialty.

“Bringing together the two most positively disruptive, fastest-growing and customer-focused organizations in healthcare liability insurance is an exciting prospect for our current and future agents and customers. The synergies are not only self-evident; they are potentially transformative.” – Neil Morrell, CEO of MagMutual.

“The collective experience, expertise, and brand recognition of our two organizations is exceptional in the healthcare liability marketplace. Together we will expand our healthcare liability products and offerings to better serve those who care for others.” – Nancy McMahon, CEO of Sapphire Blue.