May 20, 2011, CHICAGO, ILLINOIS – Ryan Specialty Group, LLC announced today that it agreed to a trading partnership with Beazley Group under which Beazley will continue to offer insurance products to targeted long term care facilities in the U.S. through a program underwritten by RSG Underwriting Managers, and trading under the name Sapphire Blue. The company also announced that it has acquired from Beazley the renewal rights and certain related assets of Beazley’s U.S. long term care insurance portfolio. Adrian Cox, Head of Specialty Lines at Beazley, says, “We are pleased to enter into this long-term relationship with RSG and Patrick Ryan, whose long-standing ties with Lloyd’s are widely known. We look forward to expanding our long term care product offerings through Sapphire Blue as part of our growing healthcare professional liability insurance business, as well as developing other opportunities with RSG.” Patrick G. Ryan, Chairman, and CEO of RSG adds, “A disciplined underwriting management platform, with solid relationships in the London markets, is integral to our overall strategy, and Beazley is a widely recognized leader with proven success not only in London, but also through its initiatives in the U.S. This new partnership is an important step in our goal of enhancing our specialty underwriting operations in the London markets and throughout the U.S.
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