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Ryan Specialty unveils reinsurance managing general underwriter

Ryan Specialty Group LLC has launched a reinsurance managing general underwriter called RyanRe Underwriting Managers.

The newly formed company will work through reinsurance brokers to underwrite treaty and facultative reinsurance. It will focus on property, casualty and professional liability.

Executive Chairman Michael O'Halleran and CEO and President Brian Boornazian will lead RyanRe. O'Halleran had recently retired from Aon Benfield Inc., while Boornazian most recently served as chairman at Aspen Re.