MANAGING GENERAL UNDERWRITERS
Stewart Specialty Risk Underwriting
Specialty coverage for large-account, high-hazard property and casualty risks across Canada, with particular strength in natural resources, industrial operations and residential realty.
Stewart Specialty Risk Underwriting ULC (SSRU) provides technical underwriting solutions for severity-driven and complex risks that require disciplined analysis, meaningful attachment points and dependable capacity. SSRU’s syndicated capacity is sourced from a mix of Canadian-domiciled and international carriers, including Lloyd’s markets. This diversified panel supports stable placements and gives brokers dependable options for complex risks.
SSRU supports brokers across all Canadian provinces and territories with in-house underwriting decisions, fast response times and deep experience across natural resources, industrial operations, commercial risks and residential realty. Their offerings span both property and casualty, including specialty construction, strata programs and customized solutions for energy, mining, manufacturing and other high-hazard industries.
Specialty Expertise
- Natural resources: oil and gas (upstream, midstream, downstream), mining, power generation, chemical, forestry, metal and mineral processing
- Complex property and industrial risk: manufacturing, technology, food production, industrial facilities, public sector and infrastructure
- Residential realty & strata: quota-share condominium capacity
- Primary and excess casualty for high-hazard industries including energy, construction, manufacturing, public entities and other sectors with elevated exposure
- Tailored solutions for operations with U.S. exposure and severity-driven loss profiles
Products
Property
- Severity Property (Primary & Excess)
- Natural Resources Property
- Complex Commercial Property
- Builders Risk and Specialty Construction (EAR, CAR, Civil)
- Boiler & Machinery (with Property)
- Residential Realty / Strata (Quota-Share Condominium Capacity)
Casualty
- Primary Casualty
- Excess Casualty
Customized Solutions
Bespoke underwriting for natural resources, mining, industrial, energy and manufacturing sectors.
Target Profile
Property
- Natural resources including oil and gas, mining, forestry, chemical, power generation and metal processing
- Industrial and manufacturing operations (machinery, chemical, food and beverage, processing)
- Public sector, hospitals, utilities, technology, transportation, financial institutions and specialty programs
- Civil, commercial, industrial and energy-related construction projects
- Residential condominiums meeting SSRU criteria: TIV ≥ CAD 5M, built 1985+, 50%+ owner occupancy or long-term rental agreements
Casualty
- Energy and utilities (oil and gas, renewables, distribution, BESS)
- Natural Resources sectors (mining, forestry, agriculture)
- Construction (civil, industrial, commercial, energy-related)
- Manufacturing (industrial products, chemicals, equipment, materials, food and beverage)
- Public entities, education, health associations, government boards, non-profits
- Professional services, telecommunications, waste management, recycling
Available Coverage
Property
- Primary and excess capacity
- CAD / USD 47.5M syndicated line of A-rated or better insurers / reinsurers
- Risk engineering reports required
- Operational property terms: 12–18 months; Construction: 12–24 months
- Builders risk: EAR, CAR, Civil
- Boiler and machinery available with property
- Condo capacity: up to CAD 25M non-lead quota-share with A-rated Canadian reinsurers
Primary Casualty
- CAD / USD 5M+ quota-share capacity
- Canadian-domiciled A-rated reinsurance panel
- Occurrence, claims-made and manuscript forms available
Excess Casualty
- CAD / USD 35M syndicated line of A-rated or better insurers / reinsurers
- Supported or unsupported layers
- Appetite for U.S. exposures
- Tailored structures for high-hazard industries
Stewart Specialty Risk Underwriting is a tradename of Ryan Specialty Canada Limited, an Alberta limited company based in Toronto. Ryan Specialty Canada Limited is a subsidiary of Ryan Specialty, LLC. Ryan Specialty Canada Limited works directly with brokers, agents and insurance carriers in Canada, and as such does not solicit insurance from the public. Some products may only be available in certain provinces. In in British Columbia: Stewart Specialty Risk Underwriting Services. © 2026 Ryan Specialty, LLC
