RSG Expands in Latin America with the Hiring of Pascal Alvarez

July 10, 2017, CHICAGO, IL – Ryan Specialty Group (RSG) is pleased to announce their first Latin American focused managing general underwriter, hiring the highly respected commercial insurance executive Pascal Alvarez to lead the charge.

Pascal Alvarez has joined RSG as President and CEO of the newly formed specialty financial lines managing general underwriter, Capital Bay Underwriting. Mr. Alvarez is responsible for all aspects of the business growing initially in Latin America and the Caribbean, focusing on D&O, Professional Indemnity and Crime. David Gonzalez has also joined Capital Bay Underwriting as Chief Underwriting Officer.

Patrick G. Ryan, Founder, Chairman and CEO of RSG, commented, “Pascal is a proven leader with keen senior executive leadership skills and a strong underwriting record. We’re excited to have Pascal join our family. With his many years of experience in the financial lines arena, including Financial Institutions, we are confident in Pascal deepening our expansion into Latin America and the Caribbean.”

On joining RSG, Mr. Alvarez said, “I am thrilled to join the RSG team where talent, underwriting expertise and excellent service are key differentiators. Capital Bay Underwriting focuses on world class specialty re/insurance products and services to customers in emerging markets with an initial concentration on financial lines in Latin America and the Caribbean. I look forward to spearheading our growth in this region and to become a top player in emerging markets and a leading contributor to the advancement of specialty markets in these territories. Further, I am delighted to be joined by David, a world class financial lines executive and leading underwriter.”

Capital Bay Underwriting will initially be located in Miami, Florida.

Pascal Alvarez can be reached at:, 305-902-7675

David Gonzalez can be reached at:, 786-853-2497


About Pascal Alvarez

Mr. Alvarez spent over 24 years in a variety of senior roles at a leading international insurance company in Latin America & the Caribbean and in Continental Europe. Most recently he served as Head of Commercial Insurance for Latin America and the Caribbean. Previously he was Financial Lines Head and Chief Underwriting Officer for the region. When in Europe, he worked for Financial Lines in various roles of increasing responsibility ultimately as Head of Financial Institutions for Continental Europe.

About David Gonzalez

Mr. Gonzalez spent over 12 years in a variety of senior roles in Financial Lines at a leading international insurance company in Latin America & the Caribbean. Most recently he was Regional Manager Financial Institutions, Management Liability and Crime, based in Miami. Prior to that, he held roles of increasing responsibility in Financial Lines based in Ecuador, Puerto Rico and Colombia.

Ryan Specialty Group, LLC

Ryan Specialty Group, LLC is an international specialty insurance organization which includes a wholesale brokerage firm and highly-specialized managing general underwriting companies designed specifically for agents, brokers and insurers.

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