Ryan Specialty Group Partners With Private Client Select Insurance

MT Newswires Live07-26

Ryan Specialty Group (RYAN) has partnered with Private Client Select Insurance Services to become the latter's exclusive wholesale broker in the "high and ultra-high net worth markets" in the US, according to a statement Thursday.

Financial terms of the agreement were not disclosed.

The distribution partnership is expected to expand offerings by using Ryan Specialty's broker network.

American International Group (AIG), which owns most of Private Client Select Insurance along with Stone Point Capital, will continue to provide capacity through its insurance companies and delegate underwriting authority to the company. It will also increase its Excess and Surplus Lines capacity.

Price: 59.13, Change: +0.03, Percent Change: +0.04

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