Latest news with #RyanSpecialty
Yahoo
01-08-2025
- Business
- Yahoo
Markel to divest global reinsurance renewal rights to Nationwide
Markel Insurance has agreed to sell the renewal rights of its global reinsurance business to Nationwide. The move is part of Markel's plans to consolidate its operations and concentrate on enhancing presence in specific specialty insurance markets. The financial details of the agreement have not been disclosed. Nationwide will assign underwriting and management responsibilities for the policy renewals to Ryan Re Underwriting Managers, a subsidiary within Ryan Specialty. This delegation is an extension of an already established partnership between Nationwide and Ryan Re. Nationwide CEO Kirt Walker said: "By working with two respected names in the industry, this strategic acquisition reinforces Nationwide's position as a diversified risk partner and creates an opportunity for us to expand our reinsurance footprint. 'Nationwide's collaboration with Ryan Specialty, and Ryan Re in particular, has positioned us to increase our presence in the specialty reinsurance market." As part of the agreement, Markel will not be parting with any of its insurance company entities. Instead, the global reinsurance division of Markel will commence a run-off period, during which it will continue to recognise premium revenue over an estimated span of two to three years. The deal is expected to close by August 2025, subject to standard closing conditions Markel Insurance CEO Simon Wilson stated: "With this change, we will sharpen our focus on doing more of what we do best by growing our core specialty insurance business. "Nationwide and Ryan Re have the scale, market presence and expertise necessary to leverage these renewal rights to build an even stronger foundation for long-term success. We are confident that they will deliver for our reinsurance customers and trading partners." Last month, Markel completed the acquisition of a specialist marine managing general agent, MECO Group. MECO Group rebranded as MECO Specialty, operating within the Specialty division of Markel International's Wholesale operation. "Markel to divest global reinsurance renewal rights to Nationwide " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
01-08-2025
- Business
- Yahoo
Morgan Stanley Maintains Overweight on Ryan Specialty (RYAN), Citing Sector Strength
RYAN Specialty Holdings, Inc. (NYSE:RYAN) is one of the high growth stocks outside tech analysts are bullish on. On July 14, Morgan Stanley analyst Bob Huang increased the price target on RYAN Specialty Holdings, Inc. (NYSE:RYAN) to $80, up from $78, while maintaining an Overweight rating. Based on the current market price of $60.80, the revised target suggests a potential upside of approximately 31.6%. A portrait of a professional insurance broker at their desk, reviewing a policy. This update is part of Morgan Stanley's broader reassessment of companies within the Property & Casualty (P&C) Insurance sector. The firm noted that recent financial results across the sector varied depending on the type of business, but certain areas, particularly personal insurance lines, are showing encouraging signs of strength. Analysts believe this momentum can carry into 2025. As market conditions head toward greater stability, Morgan Stanley expects brokers and personal line insurers to be the key earnings drivers within the industry. For Ryan Specialty, this could translate into steady revenue growth as demand for specialized insurance services continues. While the report doesn't suggest dramatic changes in the broader sector, it highlights how companies like Ryan Specialty are positioned to benefit from steady, long-term trends. The focus on profitability and operating efficiency is expected to support the stock's performance moving forward. Ryan Specialty is a wholesale insurance broker that provides specialty solutions for complex and hard-to-place risks. While we acknowledge the potential of RYAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
14-07-2025
- Business
- Business Wire
Ryan Specialty to Announce Second Quarter 2025 Financial Results
CHICAGO--(BUSINESS WIRE)--Ryan Specialty Holdings, Inc. (NYSE: RYAN) ('Ryan Specialty'), a leading international specialty insurance firm, today announced it will release its Second Quarter 2025 financial results after the stock market closes on Thursday, July 31, 2025. Ryan Specialty will hold a conference call to discuss the financial results at 4:45pm Eastern Time on July 31, 2025. Interested parties may access the conference call through the live webcast, which can be accessed via this link or by visiting the Company's Investor Relations website. Please join the live webcast at least 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at for one year following the call. About Ryan Specialty Founded in 2010, 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 wholesale broker and a managing underwriter with delegated authority from insurance carriers. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. Learn more at
Business Wire
01-07-2025
- Business
- Business Wire
Ryan Specialty Completes Acquisition of J.M. Wilson
CHICAGO--(BUSINESS WIRE)--Ryan Specialty (NYSE: RYAN) ('Ryan Specialty'), a leading international specialty insurance firm, is pleased to announce that it has completed the acquisition of the business of J.M. Wilson Corporation ('JM Wilson'). JM Wilson is based in Michigan and its operations are a part of RT Binding Authority, the binding authority specialty of Ryan Specialty. The acquisition was previously announced on June 5, 2025 and that announcement can be found here. About Ryan Specialty Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. The firm provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Ryan Specialty's mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. To learn more, please visit About RT Binding Authority RT Binding Authority is one of the largest binding authority platforms in the nation and an industry leader providing insurance agents and brokers with specialty coverage solutions. RT Binding underwriting professionals deliver swift, expert E&S coverage for small- and mid-sized accounts. To learn more, please visit
Yahoo
11-06-2025
- Business
- Yahoo
Why Progressive Fell Today
Insurance stocks were broadly under pressure on Monday. Recent data pointed to some modest declines in pricing for property insurance nationwide. In addition, the unrest in Los Angeles may have auto and property insurers further under pressure. 10 stocks we like better than Progressive › Shares of auto insurance leader Progressive (NYSE: PGR) fell today, down by as much as 4.7% at its lows, before recovering to a 2.9% decline on the day. There wasn't any company-specific news today, but there were two news items driving insurance stocks down broadly. First, rival management teams have recently pointed to a softening in property insurance pricing, and that was backed up by a note today from a Wall Street sell-side analyst. In addition, the unrest in Los Angeles may cause damage to both property and autos in the area, and Progressive has a significant presence in Southern California, as one of the largest national auto insurers. The past few years have seen massive increases in property insurance, due to a combination of climate change-oriented disasters; "social" inflation, meaning lawyers becoming overly litigious toward insurance companies; as well as actual inflation. However, recent data points to a slowdown or even declines in property pricing, with insurance brokers Ryan Specialty and Arthur Gallagher saying last week that they have seen softness in U.S. property pricing. That was echoed today by Truist analyst Mark Hughes, who wrote a downbeat note on the sector. In it, he said excess and surplus property insurance pricing had softened, with the large Florida market seeing mid-single-digit premium price declines and Texas seeing high-single-digit declines in recent months. In addition to lower pricing, it's possible the immigration-related unrest in Los Angeles may be causing some of the sell-off in the sector today. While Gov. Gavin Newsom has said the protests were largely peaceful and violent outbursts relatively small and contained, President Donald Trump did deploy national guard troops to the area. However severe the violence, there is likely some damage done to property and cars in the downtown L.A. area. Since Progressive is the second-largest car insurer in the country, investors may believe there could be excess damage as a result. It should be noted that while property insurance was the topic of the sell-side note today and this week, only about 10% of Progressive's exposure is to property. Progressive's largest exposure, at over 70% of premium revenue, is still in auto insurance. Insurance companies have also largely said that while the massive increases of the past few years may be slowing or reversing, pricing is still far higher than it was just a few years ago, and likely sufficient to provide adequate returns to the industry. All in all, Progressive remains a steady blue chip insurance company investors can hold with confidence. Before you buy stock in Progressive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Progressive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Progressive and Truist Financial. The Motley Fool recommends Arthur J. Gallagher & Co. The Motley Fool has a disclosure policy. Why Progressive Fell Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
