Ryan Specialty launches Celerity Risk unit, merges divisions

Ryan Specialty Underwriting Managers has launched Celerity Risk, a newly formed business unit resulting from the merger of CorRisk Solutions and Celerity Pro, following Ryan's acquisition of Innovisk Capital Partners. Celerity Risk will focus on providing financial professional liability insurance and cyber liability coverage specifically for small and middle-market accounts, leveraging a combination of underwriting expertise and innovative technology. The leadership team includes co-presidents Tom Nash, who brings over 30 years of experience in professional liability, and Carl Pursiano, who has a strong background in management liability and cyber insurance. Simon White will head the cyber team, which aims to deliver comprehensive cyber coverage across various industries. This consolidation is designed to enhance service and speed for brokers and their clients. Ryan Specialty's CEO emphasized the goal of delivering market-leading solutions through this new entity.