AmWINS hires Phoebus and Thibodeau from All RisksWholesale giant AmWINS has hired Amanda Phoebus and Candace Thibodeau from rival All Risks to join its Brokerage of New Jersey operation.
Onex adds $110mn to RSG investment to support All Risks acquisitionConvex-backer Onex Corporation has put an additional $110mn in Ryan Specialty Group to support its just-closed strategic acquisition of rival wholesale broker and managed underwriting platform All Risks.
RSG closes All Risks acquisitionWholesale brokerage and managed underwriting firms Ryan Specialty Group (RSG) and All Risks have completed their merger, creating an entity that is projected to handle nearly $15bn in premium during 2020.
Ryan Specialty to fund All Risks deal out of new $2bn credit facility and loanMoody’s has assigned B1 ratings to Ryan Specialty Group’s (RSG) new $300mn five-year senior secured credit facility and $1.65bn seven-year secured term loan which will be used to fund its purchase of rival wholesaler All Risks and repay existing debt.
All Risks working with Reagan Consulting on sale processIndependent US wholesale broker and MGA platform All Risks is in a sale process advised by Reagan Consulting that is expected to lead to a transaction with a strategic buyer in the intermediary space, The Insurer can reveal.
Reframing our perspectives on climate riskClimate trends are complex and unpredictable, and reinsurers must develop more sophisticated responses. To address this risk, we must reframe our perspective and think proactively about solutions.