Ryan Specialty, a distinguished provider of specialty insurance services headquartered in Chicago, has made headlines with its latest development: the integration of Paradiso Risks into Alive Risk.
This strategic move follows Ryan Specialty’s acquisition of Paradiso and Castel Underwriting Agencies in May 2024.
About Paradiso Risks
Founded in 2022, Paradiso Risks, based in London, has swiftly established itself as a key player in the contingency and non-appearance insurance market.
With their focus on providing insurance solutions for event cancellations and non-appearance risks, Paradiso serves clients across the United States, the United Kingdom, and Continental Europe.
Their team, rich in experience, brings together over 35 years of expertise in fields such as actuarial science, underwriting, and broking.
Management Structure
To ensure effective management, the contingency insurance portfolio will be organized into two distinct divisions: underwriting and producing.
Yael Mimran will take charge of the underwriting division, which will retain the Paradiso name.
Meanwhile, Lowery Robinson will lead the newly formed producing division that aims to expand the contingency offerings, operating under the Alive Risk brand.
This approach is crafted to deliver a more robust service to clients in the sports, leisure, and entertainment industries.
Future Developments
Building on this momentum, Lowery Robinson also announced the recruitment of several key talents to the producing division.
Wayne Paternoster, Aristotle Moulopoulous, Aric Durm, and Andrew Enck will join forces to further develop the contingency portfolio, underscoring the commitment to this important area of business.
Alive Risk specializes in underwriting property and casualty coverage across various sectors, including amusement parks, concerts, live performances, film and media projects, special events, and sports teams and leagues.
The integration of Paradiso Risks is set to bolster the firm’s capability in meeting the diverse needs of these vibrant industries.
Source: Insurancejournal.com
