RSUM, the specialized underwriting arm of Ryan Specialty, announced the launch of Ryan Specialty Renewables (MGU), an international lead underwriter for renewable energy management. It was formed by integrating the existing brands PERse Americas and PERse International, the newly established internal team and Albus under Castel Underwriting Agencies, which was acquired in May 2024. The integration is expected to be completed in the second half of 2025.
The new platform will focus on providing insurance solutions for global offshore/onshore wind, solar, battery storage and other energy transition projects, covering areas such as operational facilities, engineering construction, transportation and natural disasters, and plans to continuously expand the product line.
Mark Engel, the CEO of RSUM Ocean and Energy, said that the integration would enhance the company’s professional capabilities in the field of renewable energy and provide innovative insurance products through sharing technology, data and cross-regional collaboration. James Montgomery, the CEO of RSUM International, pointed out that the merger of PERse International and Albus, two well-known MGA in the London market, will enhance underwriting agility and global service capabilities, and further support the energy transition.
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