JUNE 9, 2025 | CHICAGO, IL – Ryan Specialty Underwriting Managers (“RSUM”), the specialty underwriting segment of Ryan Specialty (NYSE: RYAN), is pleased to announce today the formation of Ryan Specialty Renewables, a new international business unit bringing together renewable energy managing general underwriters (“MGUs”), PERse Americas, PERse International, de novo formations by Ryan Specialty, and Albus, previously part of Castel Underwriting Agencies which was acquired by Ryan Specialty in May 2024. The formation of Ryan Specialty Renewables, and the strategic alignment of all the above-listed teams, will roll through the second half of 2025 as the alignment of operations is completed.

Ryan Specialty Renewables provides insurance solutions for Offshore and Onshore Wind, Solar, Battery Energy Storage System assets and a variety of other energy transition solutions on a global basis. The combined unit will offer a wide product offering including coverage for operational facilities, construction, transit, and natural catastrophes, with the intention to continue to expand these offerings to support global energy transition.

Commenting on the creation of a renewable energy platform, Mark Engel, CEO of Marine & Energy, Ryan Specialty Underwriting Managers, said, “Ryan Specialty’s existing renewable energy brands are trusted and experienced players in this sector of the insurance market. Combining the brands under one umbrella strengthens our renewable energy offering. As Ryan Specialty Renewables, it facilitates global collaboration by sharing expertise, knowledge, best practices, in-house engineering capabilities, data insights, and providing innovative insurance solutions specifically tailored to renewable energy projects worldwide.”

James Montgomery, CEO of RSUM International, remarked on the new platform, “The unification of PERse International and Albus under the Ryan Specialty Renewables banner marks a significant milestone for our international operations. Both MGAs have built strong reputations in the London market, and by bringing them together, we are creating a more agile, collaborative, and globally connected platform. This integration not only enhances our underwriting capabilities and technical depth but also reinforces our commitment to supporting the global energy transition.”

With this restructure, the following appointments have been made:

• Mark Engel will continue with his responsibilities as CEO of Marine & Energy for RSUM.
• Jeff Smith President, North America, Ryan Renewables and continue overseeing PERse Americas which falls within the Ryan Specialty Renewables banner. Jeff brings over 20 years of expertise in the renewable energy insurance industry and is a founding member of PERse Americas, most recently serving as President PERse North America.
• Stuart Burchell becomes President, International, Ryan Specialty Renewables. Stuart has been involved in renewable energy insurance since 2002 and with Ryan Specialty since the founding of PERse International in 2022, which he has been leading since that time.

Mark Engel can be reached at Mark.Engel@ryansg.com.

Jeff Smith can be reached at JSmith@powerenergyrisk.com.

Stuart Burchell can be reached at Stuart.Burchell@perse-intl.com.

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 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 950+ 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