Ryan Specialty and MagMutual Form Exclusive Relationship for Healthcare Facility Business
2024年8月1日 - 5:15AM
ビジネスワイヤ(英語)
Ryan Specialty (NYSE: RYAN), a leading international specialty
insurance firm, is pleased to announce that it is forming an
exclusive relationship with MagMutual, the largest mutual insurer
of physicians and hospitals in the U.S. This relationship is
through Sapphire Blue, which specializes in developing
sophisticated solutions to complex healthcare risks, and is a part
of the firm’s underwriting specialty, Ryan Specialty Underwriting
Managers.
Sapphire Blue is a leading underwriter of senior living and
allied healthcare liability and will become MagMutual’s exclusive
underwriter for policyholders outside the traditional physician and
hospital model, most significantly as related to senior living and
allied healthcare facilities.
Both companies have a reputation for innovation, integrity, and
client centricity. Together, their collective effort and experience
will create a preeminent insurance solution, protecting and
furthering the mission of quality healthcare providers. This
exclusive relationship will strengthen product innovation, customer
service, and risk management.
Commenting on this strategic relationship, Patrick G. Ryan,
Founder, Chairman, and CEO of Ryan Specialty, said, “MagMutual is a
leader in the physicians and hospital professional liability
insurance market, and we are pleased to strategically align our
healthcare practice with them. We appreciate the collaboration of
Neil Morrell and MagMutual’s talented team during this process, and
we look forward to jointly bringing innovation and greater customer
solutions to our clients and their insureds.”
“Bringing together the two most positively disruptive,
fastest-growing and customer-focused organizations in healthcare
liability insurance is an exciting prospect for our current and
future agents and customers,” said Neil Morrell, CEO of MagMutual.
“The synergies are not only self-evident; they are potentially
transformative.”
"The collective experience, expertise, and brand recognition of
our two organizations is exceptional in the healthcare liability
marketplace. Together we will expand our healthcare liability
products and offerings to better serve those who care for others,”
said Nancy McMahon, CEO of Sapphire Blue.
About Ryan Specialty
Founded in 2010, Ryan Specialty 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. Our mission is to
provide industry-leading innovative specialty insurance solutions
for insurance brokers, agents, and carriers. Learn more at
ryanspecialty.com.
About Sapphire Blue
Sapphire Blue is a managing general underwriter that draws on
more than 25 years of healthcare experience to provide tailormade
insurance solutions, superior claims handling services, and
customized risk management.
About MagMutual
For more than four decades, MagMutual has been a leading
provider of medical professional liability insurance. Today, they
are the largest mutual medical professional liability carrier in
the U.S., delivering healthcare liability insurance coverage to
more than 40,000 healthcare providers and organizations nationwide.
They offer customized advice, claims support and financial benefits
that result in improved outcomes and stronger policyowners.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731609786/en/
Media Alice Phillips Topping Chief Marketing &
Communications Officer Ryan Specialty
Alice.Topping@ryanspecialty.com (312) 635-5976
Investor Relations Nicholas Mezick Director, Investor
Relations Ryan Specialty IR@ryanspecialty.com (312) 784-6152
Ryan Specialty (NYSE:RYAN)
過去 株価チャート
から 7 2024 まで 8 2024
Ryan Specialty (NYSE:RYAN)
過去 株価チャート
から 8 2023 まで 8 2024