RSG Sweden Overview
Ryan Specialty Group Sweden AB (RSG Sweden) is a Managing General Underwriter (MGU) based in Stockholm that offers innovative products to both private and public corporations and municipalities within the Nordics and Continental Europe. This specialty MGU develops niche insurance solutions with a rapid response time and a strategic focus on serving clients.
RSG Sweden’s liability insurance is written on behalf of Lloyd’s Insurance Company S.A., giving insureds financial strength and expert claims handling. Lloyd’s Insurance Company S.A. upholds strong credit ratings, such as A+ by Standard & Poor’s and A from A.M. Best.
RSG Sweden (formerly named NUAL AB, a Navigators company) was formed in July 2008 and acquired by Ryan Specialty Group (RSG) in January 2017 as part of RSG’s expansion into Continental Europe. Joining RSG has enhanced RSG Sweden’s customer service and product offerings. In June 2018, RSG Sweden expanded its local operation by acquiring S&P Underwriting Agency AB (renamed RSG Construction & Specialty AB), which provides niche products for the construction industry, as well as for municipalities and public entities.
About Ryan Specialty Group
Ryan Specialty Group (RSG) is an international specialty insurance organization that provides underwriting management, wholesale brokerage, and other specialty insurance services to brokers, agents and insurance carriers. RSG has over 2,000 employees with operations in North America, the United Kingdom, and Continental Europe.
RSG was founded in 2010 by Patrick G. Ryan, the widely respected insurance veteran, founder and former Chairman and CEO of the Aon Corporation. Mr. Ryan saw a need in the marketplace for a specialty organization dedicated exclusively to creating sophisticated insurance solutions for risks that demand innovation, proven leadership, outstanding industry expertise, and quality services on behalf of brokers, agents, and carriers.
RSG Sweden is affiliated with RSG Underwriting Managers (RSGUM), the underwriting subsidiary of Ryan Specialty Group. RSGUM delivers an independent and entrepreneurial approach to the specialty lines space by providing a unique platform for operational, legal, actuarial, and technical support. The exceptional resources and back-office partnership of RSGUM with the individual MGUs allow underwriters to be focused on underwriting the risk itself, delivering a superior level of service to brokers, agents, and carriers. Through RSGUM’s strong network of existing companies, RSGUM and its subsidiaries provide carriers the opportunity for rapid diversification and scale, creating a model for sustainability over time.
For more information about RSGUM, please visit www.rsgum.com.
Meet the Team
The MGU Advantage
Managing General Agencies and Managing General Underwriters (MGUs) have played an integral role in Lloyd’s strategy for decades. As a coverholder, the MGA/MGU model is an attractive conduit for allowing London and company markets to access expertise, distribution, and new products. Further, the model allows agents and brokers to access local regional markets, allowing service, document issuance, premium collection, and claims payment with limited initial capital or resource deployment.
For more information, visit www.lloyds.com.