Aspen and Ryan Specialty Announce Expanded Business Relationship


January 20, 2022, HAMILTON, Bermuda
Aspen Insurance Holdings Limited (“Aspen”) is pleased to announce that it has entered into an agreement with Ryan Specialty Group (“Ryan Specialty”) to support a diverse international portfolio of delegated underwriting authority business.

With effect from January 1, 2022, aspen joined seven other programs in the Ryan Specialty Underwriting Managers MGU portfolio. This unique arrangement exploits the full range of from Aspen capacities, in insurance, reinsurance and capital markets. As part of this agreement, aspen will provide capability across multiple platforms and geographies, with three programs in the we and four programs in Europe.

Marc Cloutier, Executive Chairman and Group Chief Executive Officer, aspen, said, “This expanded business partnership highlights from Aspen comprehensive capabilities, combining insurance, reinsurance and capital markets to provide an innovative risk transfer solution. We are grateful to the Ryan Specialty team for their trust and for the opportunity to lay bare this creative solution and, in doing so, further strengthen our strong business relationship. We believe this agreement is a model for the creative deployment of capital, exemplifying our goal of bringing “clarity out of complexity”. »

pat ryan, Founder, Chairman and CEO, Ryan Specialty, added: “We are delighted with our significantly expanded delegated authority relationship with aspen. Additionally, we appreciate their confidence in our underwriting abilities and their commitment to progressive solutions.”

Bruce Eisler, US CEO, and Chief Underwriting Officer, Aspen Insurance, commented: “In collaboration with Ryan Specialty, we considered the existing structure of each workbook and had to develop a creative solution relating to the deployment of capital through our we/UK companies and Lloyd’s Syndicate 4711 to carry out this project. The business partnership is a great testament to our technical underwriting capabilities and strong collaboration across our platforms and global products. »

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Miles Wüller, President and CEO of RSG Underwriting Managers, said, “We greatly appreciate from Aspen innovation bringing coordinated insurance capital to support our $2.0 billion[1] the international activity of Underwriting Managers and its objectives. We now have their unionized support in nine of our MGUs. We thank the aspen team for the trust it places in our delegated underwriting management. »

For more information:

Media

Josh Brekenfeld Corporate development and communication Director
[email protected]
07884 664801

Cecile Locurto Vice President, Group Communications
[email protected]
646-352.2828

Trim Alice Phillips Marketing & Communications Director
Ryan Specialty Group
[email protected]
+1 312.635.5976

On Aspen Insurance Holdings Limited

aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Singapore, Switzerland, the UK and United States. For the year ended December 31, 2020, aspen reported $13.2 billion in total assets, $7.2 billion in gross reserves, $3.0 billion of total equity and $3.7 billion in gross written premiums. from Aspen operating subsidiaries have been rated “A-” by Standard & Poor’s Financial Services LLC and an “A” (“Excellent”) by AM Best Company Inc. For more information on aspen, please visit www.aspen.co.

On Ryan Specialty Group

Founded in 2010, Ryan Specialty is a fast-growing service provider of specialized products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as wholesale broker and underwriter manager. Our mission is to provide innovative, industry-leading specialty insurance solutions to brokers, agents and insurers. ryansg.com (NYSE: RYAN) © 2021 Ryan Specialty Group, LLC www.ryansg.com

Caution Regarding Forward-Looking Statements

This press release may contain written “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the “safe provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts. In particular, statements using words such as “expect”, “intend”, “plan”, “believe”, “aim”, “project”, “anticipate”, “seek”, “will “, “probably”, “assume”, “estimate”, “may”, “continue”, “direction”, “goal”, “outlook”, “trends”, “future”, “could”, “should”, “should”, “target”, “predict”, “potential”, “on track” or their negative or variant forms and similar terminology and words of similar significance generally imply forward-looking statements.

Source: Aspen Insurance Holdings Limited

[1] Bonus for RSG Underwriting Managers for the year ended 31/12/2020 (pro-forma for the All Risk transaction closed on 09/01/20).

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