Ryan Specialty Underwriting Managers (RSUM), the specialty underwriting segment of Ryan Specialty, has launched Ryan Specialty Renewables, an international renewable energy managing general underwriter.
The MGU is formed from the unification of existing company brands: 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.
“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,” commented Mark Engel, CEO of Marine & Energy, Ryan Specialty Underwriting Managers.
“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,” Engel said.
“The unification of PERse International and Albus under the Ryan Specialty Renewables banner marks a significant milestone for our international operations,” according to James Montgomery, CEO of RSUM International.
“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,” Montgomery added.
With this restructure, the following appointments have been made:
- Mark Engel will continue with his responsibilities as CEO of Marine & Energy for RSUM. Engel can be reached at Mark.Engel@ryansg.com.
- Jeff Smith, president, North America, Ryan Renewables, who will continue overseeing PERse Americas which falls within the Ryan Specialty Renewables banner. Smith 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. Smith can be reached at JSmith@powerenergyrisk.com.
- Stuart Burchell becomes president, International, Ryan Specialty Renewables. Burchell 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. Burchell can be reached at Stuart.Burchell@perse-intl.com.
Source: Ryan Specialty Underwriting Managers
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