Moreno steps down as USQRisk CEO

Anibal Moreno, CEO of USQRisk, a managing general agent recently bought by Ryan Specialty Holdings Inc., is stepping down July 31 to “focus on personal interests,” Ryan Specialty said late Friday.

Michael Zipper and Parag Bavishi were named co-CEOs, succeeding Mr. Moreno.

The three former Allianz SE executives co-founded the alternative risk transfer MGA in 2020.

Mr. Zipper is president of USQ and Mr. Bavishi is chief underwriting officer.

Ryan announced its agreement to buy New York-based USQ in April and completed the deal in May.