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Ryan Specialty has announced the integration of Paradiso Risks into Alive Risk, its sports, leisure and entertainment (SLE) managing general underwriter.
Paradiso, specialising in contingency and non-appearance insurance, became part of Ryan following the acquisition of Castel Underwriting Agencies in May.
Set up in 2022, Paradiso is an underwriter for contingency insurance, focusing on event cancellation and non-appearance risks across the US, UK and continental Europe.
The Paradiso team brings more than 35 years of combined experience in actuarial, underwriting and broking expertise.
Alive Risk's contingency portfolio will now operate through two divisions.
The underwriting division, retaining the Paradiso brand, will be headed by Yael Mimran. The newly established contingency producing division will fall under the Alive Risk brand, with Lowery Robinson at the helm.
Alive Risk MD Patrick Gavin said: "Our contingency portfolio will be split into underwriting and producing segments. The underwriting division will be led by Yael Mimran and will trade under the Paradiso brand. The newly created contingency producing division will be led by Lowery Robinson and will trade under the Alive Risk brand. This strategy will bring an even more robust offering for the SLE industry.”
Paradiso International head of Contingency Yael Mimran stated: “We are thrilled to join Alive Risk and welcome Ryan Collins and Amanda Rice to the Paradiso team. Since our founding, Paradiso has focused on successfully growing a profitable contingency book of business for its carrier trading partners.”
Last month, Ryan Specialty completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments.
"Paradiso Risks joins Ryan’s SLE MGU Alive Risk " was originally created and published by Life Insurance International, a GlobalData owned brand.
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