Ryan Specialty Holdings, Inc. - RYAN STOCK NEWS

Ryan Specialty (NYSE: RYAN) has announced executive leadership promotions at its RT Specialty division, effective October 1, 2024. Edward F. McCormack will become CEO of RT Specialty, succeeding from his role as President. Brenda Austenfeld and Michael VanAcker will be appointed Co-Presidents, with Brenda continuing as CEO and President of RT National Property. These changes follow a broader leadership succession plan, with Patrick G. Ryan transitioning to Executive Chairman and Timothy W. Turner becoming CEO of Ryan Specialty. The new executive team aims to continue the firm's growth and deliver exceptional service.

Ryan Specialty Holdings (NYSE: RYAN) has announced a leadership succession plan to take effect on October 1, 2024. Founder, Chairman, and CEO Pat Ryan will transition to Executive Chairman, while Tim Turner, President of Ryan Specialty and Chairman and CEO of RT Specialty, will become the new CEO. Jeremiah Bickham, currently CFO, will be appointed President, and Janice Hamilton, Chief Accounting Officer, will take over as CFO. This transition aims to leverage the extensive industry experience of the new leaders. Turner has over 37 years in insurance, Bickham has been with the company since 2011 in various roles, and Hamilton brings over 20 years of industry experience, including her role at AmTrust International. The Board of Directors believes this succession plan will ensure continued growth and value for shareholders.

Ryan Specialty Holdings, a leading international specialty insurance firm, announced its participation in the William Blair Growth Stock Conference. The event will take place on June 5, 2024, at 5:40 PM ET.

Key executives, including Founder and CEO Patrick G. Ryan, President Timothy W. Turner, CFO Jeremiah R. Bickham, and President and CEO of Ryan Specialty Underwriting Managers Miles Wuller, will present. The presentation can be accessed live via a link on Ryan Specialty’s website, with a replay available for 90 days.

Ryan Specialty Holdings, Inc. reported a strong first quarter in 2024 with total revenue growing 20.6% year-over-year to $552.0 million, net income of $40.7 million, and adjusted EBITDAC increasing 25.8% to $157.2 million. The company had exceptional performance with double-digit organic growth and improvements in margin profile. With a positive outlook for 2024, Ryan Specialty is focused on sustainable and profitable growth.

Ryan Specialty, a leading international specialty insurance firm, has completed the acquisition of Castel Underwriting Agencies , a Managing General Underwriting platform. Castel brings new products and facilities, expanding offerings to clients and trading partners. The enhanced leadership team will accelerate de novo formations in the region.

Ryan Specialty Holdings, Inc. (NYSE: RYAN) will release its First Quarter 2024 financial results on May 2, 2024. A conference call will follow to discuss the results, with a live webcast available on the investor relations website. Dial-in and webcast replay details provided.

Ryan Specialty Holdings, Inc. (NYSE: RYAN) reported strong financial results for the fourth quarter of 2023, with total revenue growing 22.5% year-over-year to $532.9 million and net income increasing by 27.8% to $58.5 million. The company also announced a quarterly cash dividend program to return capital to investors. Organic revenue growth rate stood at 16.0% year-over-year, highlighting the company's successful M&A strategy and growth prospects.

Aclaimant appoints Kathy Burns as new CEO to lead the transformation of risk management with innovative RMIS solutions, aiming to empower businesses with better data and decision-making capabilities.

Ryan Specialty Holdings, Inc. (RYAN) has successfully repriced its $1.65 billion term loan debt, reducing its annual cash interest expense by approximately $5.6 million. The repriced Term Loan now bears an interest rate of SOFR plus 2.75%, an improvement of 25 basis points from the prior Term Loan, and no longer contains a Credit Spread Adjustment. The maturity date of September 2027 and other material provisions remain unchanged.