Ryan Specialty expands Lloyd’s support for delegated underwriting portfolio

Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty , has completed a series of Lloyd’s of London consortium stamps to support its global syndicated property and casualty delegated underwriting portfolio.

The consortium brings together six Lloyd’s syndicates that will collectively assume a 15% share across all classes, lines, and geographies in the portfolio. The arrangement excludes a partial share of Velocity Risk Underwriters, RSUM’s catastrophe-focused managing general underwriter. The consortium stamps will begin attaching to facilities at their natural renewals starting August 1.

“We are proud of both the continued interest in our portfolio and our ability to transform our diverse, highly curated, well-performing family of businesses into an accessible specialty insurance asset. Moreover, we are pleased to contribute broad-based data and structural efficiency to the specialty marketplace.” – Miles Wuller, CEO of RSUM.

Wuller also highlighted Ardonagh’s investment in Axiiem , its technology-enabled digital exchange, which will serve as the facilitation agent for the structure.

“I would like to highlight the forward-looking investment Ardonagh has made in Axiiem, its technology-enabled digital exchange, which will serve as the facilitation agent for the structure.” – Miles Wuller.

RSUM is Ryan Specialty’s underwriting management platform, comprising managing general underwriters and national programs operating across North America, the UK, Europe, the Middle East, and Asia-Pacific. The business employs more than 1,500 underwriting professionals.