Ryan Specialty
Ryan Specialty is a large insurance company founded in 2010 and headquartered in Chicago, IL. It specializes in various sectors including property, casualty, transportation, and healthcare, and operates as both a wholesale broker and managing underwriter.
Company Overview
Ryan Specialty operates within the insurance industry, focusing on providing innovative specialty insurance solutions tailored for brokers, agents, and carriers. Founded in 2010 by Patrick G. Ryan, the company has grown to a team size of 3,318, classifying it as a very large enterprise. It is headquartered in Chicago, Illinois, and is listed on the New York Stock Exchange under the ticker symbol RYAN. The company emphasizes compliance with laws and regulations, maintaining a commitment to ethical practices.
Specialties and Services
Ryan Specialty specializes in various areas of insurance, including Property, Casualty, Transportation, Professional Liability, E&O, Construction, Transactional Risk, M&A, Healthcare, Life Science, Renewable Energy, Cyber Risk, DIC, Energy & Marine, and Excess & Surplus Lines. The company operates as both a wholesale broker and a managing underwriter, offering services such as distribution, underwriting, product development, administration, and risk management. It also provides alternative risk solutions for clients underserved by traditional markets.
Founders and Leadership
Patrick G. Ryan founded Ryan Specialty in 2010, recognizing a market need for a specialty organization focused on complex insurance risks. He is also the founder and former Chairman and CEO of Aon Corporation. The leadership team at Ryan Specialty includes representation from both women and minority groups, reflecting the company's commitment to diversity and inclusion in its executive structure.
Corporate Social Responsibility
Ryan Specialty is dedicated to building a diverse workforce and fostering an inclusive workplace. The company has established a Diversity, Equity and Inclusion Council and actively participates in initiatives such as the Insurance Industry Executive of Color Leadership Roundtable. Ryan Specialty also supports community engagement through donations and sponsorships of over 250 charities and outreach programs annually. The company promotes environmental sustainability and is working to reduce its carbon footprint.
Training and Development
Ryan Specialty has established Ryan Specialty University to provide training and development programs for its employees. This initiative aims to enhance the skills and knowledge of the workforce, ensuring they are well-equipped to meet the demands of the insurance industry. The company also offers a suite of well-being benefits and resources for employees and their families, emphasizing its commitment to employee welfare.