Ryan Specialty Completes Canadian Amalgamation

FEBRUARY 5, 2026 | TORONTO — Ryan Specialty (NYSE: RYAN), a leading international specialty insurance intermediary, is pleased to announce the appointment of Stephen Stewart, President & CEO of Stewart Specialty Risk Underwriting, a Ryan Specialty managing general underwriter, to the additional role Chief Executive Officer of Ryan Specialty Canada Limited, the newly formed Canadian operating and holding entity for Ryan Specialty’s underwriting management businesses in Canada. Ryan Specialty Canada Limited is headquartered in Toronto.

With the formation of its Canadian holding entity, Ryan Specialty completes the amalgamation of its Canadian operations, including the Canadian operations of the following managing general underwriters (“MGUs”):

• Alive Risk
• Stewart Specialty Risk Underwriting
• Global Special Risks
• Technical Risk Underwriters
• PERse (Power. Energy. Risk.)
• Trident Marine Managers
• Ryan Transactional Risk

In Stephen Stewart’s additional role as CEO of Ryan Specialty Canada Limited, he will lead the continued growth of Ryan Specialty’s Canadian platform while maintaining the underwriting discipline and specialist focus that have defined Stewart Specialty Risk Underwriting and Ryan Specialty’s other Canadian units. The legal integration is already underway, and teams are actively engaging with new colleagues across underwriting, operations, and support functions to build a unified Canadian platform.

Miles Wuller, CEO of Ryan Specialty Underwriting Managers (“RSUM”), commented, “Bringing together all of our managing general underwriters under one Canadian entity and proven country specialty insurance leader provides RSUM a single, focused view of the wider Canadian market. This consolidation enables each of our MGUs to more seamlessly tap into the broader RSUM platform to better serve our Canadian clients and trading partners.”

“Completing the amalgamation and establishing Ryan Specialty Canada Limited is an important milestone for our business,” said Mr. Stewart. “It formalizes the structure needed to support long-term growth in Canada and positions our teams to better serve brokers and trading partners nationwide.”

Stephen Stewart can be reached at Stephen@SSRU.ca or +1 416 597 5740.

About Ryan Specialty

Founded in 2010, Ryan Specialty (NYSE: RYAN) 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. Ryan Specialty’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. Learn more at ryanspecialty.com.

About Ryan Specialty Underwriting Managers

Ryan Specialty Underwriting Managers is an industry leader in delegated authority underwriting services. Our family of managing general underwriters (MGUs) and national programs have the expertise and authority to design, underwrite, bind, and administer a diverse portfolio of risks. Our value proposition originates with our 1,500+ industry professionals who are empowered by centralized technical support and policy lifecycle administration, coupled with a broad distribution network of retail and wholesale brokers. We have been diligently servicing our valued clients and trading partners in North America, the UK, Europe and Asia Pacific since our establishment in 2010. To learn more, please visit ryanspecialtyum.com.

Contact:

Media
Alice Phillips Topping
SVP, Chief Marketing & Communications Officer
Ryan Specialty
Alice.Topping@ryanspecialty.com
(312) 635-5976

Investor Relations
Nicholas Mezick
VP, Investor Relations
Ryan Specialty
IR@ryanspecialty.com
(312) 784-6152