{"id":500,"date":"2024-09-03T12:30:28","date_gmt":"2024-09-03T12:30:28","guid":{"rendered":"https:\/\/scott-carrington.com\/?p=500"},"modified":"2024-09-03T13:37:05","modified_gmt":"2024-09-03T13:37:05","slug":"ryan-specialty-to-acquire-certain-assets-of-mga-geo-underwriting-europe","status":"publish","type":"post","link":"https:\/\/scott-carrington.com\/index.php\/2024\/09\/03\/ryan-specialty-to-acquire-certain-assets-of-mga-geo-underwriting-europe\/","title":{"rendered":"Ryan Specialty to acquire certain assets of MGA Geo Underwriting Europe"},"content":{"rendered":"

Ryan Specialty, the international specialty insurer, has signed a definitive agreement to acquire certain assets of the European managing general agent (MGA), Geo Underwriting Europe BV (Geo Europe), which is part of The Ardonagh Group.<\/p>\n

\"\"The company is based in Rotterdam, Netherlands, but also has operations in Germany. The company specialises in Financial Lines.<\/p>\n

From what we understand, Geo Europe will join the Ryan Financial Lines (RFL) unit within the Ryan Specialty Underwriting Managers division of Ryan Specialty, which will help drive RFL\u2019s ongoing European expansion objectives.<\/p>\n

It has been confirmed that the acquisition is expected to close during the third quarter of 2024. Terms of the transaction were not disclosed.<\/p>\n

In addition,\u00a0Geo Europe\u2019s core portfolio primarily consists of specialised mid-sized companies and global large corporates across the European Union written by underwriters with decades worth of expertise in professional indemnity, management liability and cyber.<\/p>\n

According to the announcement, Walter Craft, Managing Director and CUO for Geo Europe will be appointed as Managing Director of Ryan Financial Lines \u2013 Benelux and DACH, and will also join the Ryan Financial Lines Executive Committee.<\/p>\n

Walter Craft, MD and CUO for Geo Europe, commented: \u201cRyan Specialty is the right platform for Geo Europe to further strengthen its offerings and to allow our team members to really excel. Ryan Specialty Underwriting Managers\u2019 analytical underwriting support and administrative and distribution capabilities align nicely for the next step in our journey, as we continue to focus on providing the best solutions and service to our clients. We are grateful to The Ardonagh Group who have supported the launch of Geo Europe in 2019 and are very excited about this next step in joining Ryan Financial lines and the wider Ryan Specialty family.\u201d<\/p>\n

Jamie Bouloux, CEO of Ryan Financial Lines, said: \u201cWe are very much looking forward to having the Geo Europe team join Ryan Financial Lines as we look to intensify our offering across Europe. The team has an impeccable market reputation and has produced excellent results to date. Their culture of hard work, strong personal relationships, and business acumen dovetails nicely with Ryan Specialty.\u201d<\/p>\n

The post Ryan Specialty to acquire certain assets of MGA Geo Underwriting Europe<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ryan Specialty, the international specialty insurer, has signed a definitive agreement to acquire certain assets of the European managing general<\/p>\n","protected":false},"author":1,"featured_media":502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts\/500"}],"collection":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/comments?post=500"}],"version-history":[{"count":2,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts\/500\/revisions"}],"predecessor-version":[{"id":503,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/posts\/500\/revisions\/503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/media\/502"}],"wp:attachment":[{"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/media?parent=500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/categories?post=500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scott-carrington.com\/index.php\/wp-json\/wp\/v2\/tags?post=500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}