Ryan Specialty consolidating MGU business

Ryan Specialty LLC said Wednesday it is combining the operations of several of its managing general underwriters into a single international financial lines MGU named Ryan Financial Lines.

Jamie Bouloux will head up Ryan Financial Lines as CEO, Ryan Specialty said. Mr. Bouloux was previously CEO of Emergin Risk, a cyber MGU.

Ryan Financial Lines comprises MGUs Emergin Risk, StartPoint Executive Risks, Ryan Specialty Nordics, Capital Bay, in addition to the professional liability portfolios that were previously within Ryan Specialty National Programs.

All of the MGUs and programs are currently part of Ryan Specialty Underwriting Managers.

There are no layoffs, a spokeswoman for Ryan Specialty said.

Ryan Financial Lines will offer a single platform of financial lines products and services to small-to-middle-market enterprise and large businesses across the U.S., Europe, Latin America and London.

Coverages available include cyber, technology errors and omissions, miscellaneous E&O and media liability; executive management liability; financial institutions executive and professional liability; financial lines facultative reinsurance and a multiline international claims operation.