Posted on 23 May 2011
On the heels of acquiring Lloyd's insurer Jubilee Group, the expansive US wholesaler and underwriter Ryan Specialty has agreed a new partnership with Beazley Group to offer insurance to targeted long-term care facilities in the United States.
The launch of a new long-term care facility -- trading under the name Sapphire Blue -- will see the quoted Lloyd's insurer provide the paper for a program underwritten by Ryan Specialty.
Aon founder and chairman/CEO of Ryan Specialty Pat Ryan commented that the “new partnership is an important step in our goal of enhancing our specialty underwriting operations in the London markets and throughout the United States.”
“We are pleased to enter into this long-term relationship with RSG and Patrick Ryan, whose longstanding ties with Lloyd’s are widely known,” said Adrian Cox, head of specialty lines at Beazley, in a statement. “We look forward to expanding our long-term care product offerings through Sapphire Blue as part of our growing health care professional liability insurance business, as well as developing other opportunities with RSG.”