Ryan Specialty has announced that Justin Budd has joined its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM), as senior vice president and head of internal consulting.
Budd brings years of experience across the insurance industry. Prior to joining the company, he was part of the leadership team in the insurance practice at a top-tier global consulting firm. More recently, he held leadership positions at a global insurance carrier, where he addressed key challenges and accelerated initiatives that delivered results.
Miles Wuller, president and chief executive officer of Ryan Specialty Underwriting Managers, commented on the new hire, saying: “Justin has tremendous hands-on experience building solutions for the insurance industry, and it is my pleasure to welcome him onto the RSUM team.”
“His knowledge and creativity will be valuable additions as our firm continues to grow its wide and varied selection of offerings and services,” Wuller added.
Commenting on his appointment, Budd said he is honored to join the company and is looking forward to collaborating with his team and contributing to the company’s success.
Last year, the company named Shawn Yingling as chief retail distribution officer of Ryan Specialty Underwriting Managers. Yingling’s appointment is expected to improve RSUM’s specialty insurance offerings and strengthen its relationships with industry partners.
The company also named Mark Birrell as executive chairman and James Montgomery as chief executive officer of RSUM International, as part of its strategy to expand its executive team to meet international growth targets.
Ryan Specialty provides distribution, underwriting, product development and risk management solutions for clients, acting both as a wholesale broker and a managing underwriter with delegated authority from insurance carriers.
Meanwhile, its RSUM division specializes in delegated authority underwriting, which includes property and casualty managing general underwriters, national programs and alternative risk solutions. These programs serve industries such as energy, healthcare, transportation, construction, among others.
