Ryan Specialty has launched Clach Casualty Underwriting Managers, a new managing general underwriter (MGU) focused on providing casualty insurance for complex construction and habitational real estate risks.
Clach Casualty operates as part of Ryan Specialty Underwriting Managers (RSUM), the company’s specialty underwriting division, and began operations this month. The MGU distributes its products exclusively through US wholesale brokers.
Clach Casualty’s offerings include primary and excess casualty coverages tailored for high-risk sectors. Ryan Specialty said that the MGU’s monoline products are supported by highly rated capacity and include general liability for New York contractors and owners, general liability-only wraps, and general liability for habitational real estate.
Adam Schnell (pictured above) leads Clach Casualty as executive vice president. Schnell has more than 30 years of experience in casualty insurance and previously served as executive vice president of specialty casualty at Ryan Specialty Underwriting Managers. He joined Ryan Specialty following the acquisition of Ethos Specialty Insurance’s property and casualty MGUs in 2024.
“I’m excited to lead this new MGU to address the evolving specialty needs of the New York construction market and other high-risk segments,” Schnell said.
Eric Quinn, president of Ryan Specialty Underwriting Managers, said that under Schnell’s leadership, the MGU is positioned to address a gap affecting brokers and their contractor and property owner clients in the general liability and excess insurance market.
In a related leadership development, Ryan Specialty Underwriting Managers appointed Alan Ferguson as chief executive officer of US Assure, effective September 1. Ferguson, who will also continue as president, takes over from Ty Petway, who is retiring after more than three decades with the firm.
This transition follows Ryan Specialty’s acquisition of US Assure in 2024, which expanded the company’s program administration capabilities.
Ryan Specialty also recently appointed reinsurance veteran Michael Bungert to its board of directors. Bungert joined the company’s Compensation and Governance Committee.
What are your thoughts on this story? Please feel free to share your comments below.
