Ryan Specialty has announced that Bobby Le Blanc (pictured above) will step down from the company’s board of directors early next year, following the exit of Onex Corporation as a shareholder. His retirement from the board will be effective Feb. 11, 2026.
Le Blanc, the chief executive officer of Onex, has served on Ryan Specialty’s board since 2018. He originally joined as Onex’s nominee after the private equity firm invested in the specialty insurance group.
Patrick G. Ryan, founder and chairman of Ryan Specialty, said the decision reflects the natural transition after Onex’s recent divestment.
“Bobby has been an exceptional director for Ryan Specialty, and we thank him for his contributions during the past seven plus years,” Ryan said, adding that the firm also appreciates Onex’s support ahead of the company’s initial public offering.
Ryan noted that Onex’s backing “assisted us at an important time in our growth trajectory and proved to be immensely profitable for Onex as well.” With Onex having sold its remaining shares in Ryan Specialty, “it was mutually agreed that the time was right for Bobby to retire from the board,” he said.
Ryan Specialty board of directors:
The board change comes as Ryan Specialty continues to add new capabilities in its core underwriting operations, including a recent move into the public sector space.
Earlier this month, Ryan Specialty Underwriting Managers (RSUM) launched Ryan Specialty Public Entity, an MGU that provides casualty and auto physical damage coverage for publicly owned, tax-funded organizations such as cities, counties, municipalities, special districts, and other state and local government bodies, on both insurance and reinsurance bases.
Ryan Specialty has also been reorganizing parts of its platform, which forms part of the backdrop to its evolving governance. This month also saw Ryan Specialty Underwriting Managers rebranding its North American professional liability team as Ryan Financial Lines, a managing general underwriter for financial lines products that now operates across US and London hubs to support clients seeking consistent cross-border professional and financial lines coverage.
