Ryan Specialty Nordics Overview
Ryan Specialty Nordics is a Managing General Underwriter (MGU) based in Stockholm that offers innovative products to both private and public corporations and municipalities within the Nordics and Continental Europe. This specialty MGU develops niche insurance solutions with a rapid response time and a strategic focus on serving clients.
Ryan Specialty Nordics’ liability insurance is written on behalf of Lloyd’s Insurance Company S.A., giving insureds financial strength and expert claims handling. Lloyd’s Insurance Company S.A. upholds strong credit ratings, such as A+ by Standard & Poor’s and A from A.M. Best.
Ryan Specialty Nordics (formerly named NUAL AB, a Navigators company) was formed in July 2008 and acquired by Ryan Specialty in January 2017 as part of Ryan Specialty’s expansion into Continental Europe. Known as RSG Sweden until 2022, joining Ryan Specialty has enhanced Ryan Specialty Nordics’ customer service and product offerings. In June 2018, Ryan Specialty Nordics expanded its local operation by acquiring S&P Underwriting Agency AB, now RSG Construction & Specialty AB, which provides niche products for the construction industry, as well as for municipalities and public entities.
About Ryan Specialty
Ryan Specialty Nordics is a part of the Ryan Specialty family. Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a managing underwriter and a wholesale broker. Ryan Specialty’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. ryansg.com (NYSE:RYAN)
Ryan Specialty was founded in 2010 by Patrick G. Ryan, the widely respected insurance veteran, founder and former Chairman and CEO of Aon Corporation. Mr. Ryan saw the need in the marketplace for a specialty organization dedicated exclusively to creating sophisticated insurance solutions for risks that demand innovation, proven leadership, outstanding industry expertise and quality services on behalf of brokers, agents and carriers.
Within Ryan Specialty, Ryan Specialty Nordics falls within the Underwriting Managers specialty. Underwriting Managers delivers an independent and entrepreneurial approach to the specialty lines space by providing a unique platform for operational, legal, actuarial and technical support. Underwriting Managers’ exceptional resources and back office support allows underwriters to focus on the risk itself, delivering a superior level of service to brokers, agents and carriers.
Meet the Team
The MGU Advantage
Managing General Agencies and Managing General Underwriters (MGUs) have played an integral role in Lloyd’s strategy for decades. As a coverholder, the MGA/MGU model is an attractive conduit for allowing London and company markets to access expertise, distribution, and new products. Further, the model allows agents and brokers to access local regional markets, allowing service, document issuance, premium collection, and claims payment with limited initial capital or resource deployment.
For more information, visit www.lloyds.com.