Ryan Specialty division Ryan Specialty Underwriting Managers (RSUM) has launched its business unit Celerity Risk.
Celerity Risk is a newly rebranded business that merges CorRisk Solutions, the US wholesale unit of Ryan Financial Lines, with Celerity Pro, part of Innovisk Capital Partners (Innovisk).
Ryan Specialty acquired Innovisk Capital Partners in November 2024.
Celerity Risk will focus on offering financial professional liability insurance, exclusively for wholesale brokers in the US, catering to small and middle market accounts.
Celerity Risk will also offer cyber liability coverage, led by Simon White, who reports to Ryan Kratz from the US cyber practice.
The insurance products offered by Celerity Risk will encompass a variety of areas including management liability and cyber liability.
As part of the launch, Celerity Risk named Tom Nash as the co-president and head of professional liability and Carl Pursiano as the co-president and head of management liability.
Tom Nash served as CorRisk Solutions president and has 30 years of experience in professional liability underwriting.
Carl Pursiano, who is also the founder and president of Celerity Pro, has more than 30 years of experience in underwriting management liability, professional liability, and cyber insurance.
Ryan Financial Lines CEO Jamie Bouloux said: “Our goal is to provide brokers with unparalleled speed and service. Celerity Risk embodies the best of CorRisk and Celerity Pro, ensuring that brokers and their clients receive customised, market-leading solutions.
“Our shared vision is to combine innovation, technology and deep underwriting expertise to create an exceptional experience for brokers and their clients.”
Recently, Ryan Specialty finalised the acquisition of Velocity Risk Underwriters from funds managed by Oaktree Capital Management.
