Ryan Specialty Underwriting Managers (RSUM) has launched Celerity Risk, a newly rebranded business unit formed following its acquisition of Innovisk Capital Partners in November 2024.
The launch sees the integration of CorRisk Solutions, the U.S. wholesale division of Ryan Financial Lines, with Celerity Pro, formerly part of Innovisk.
This combined entity has formed a substantial offering in the financial professional liability space that will be exclusively accessible through wholesale brokers nationwide.
Led by Co-Presidents Tom Nash and Carl Pursiano, Celerity Risk has been designed to address a wide spectrum of management and professional liability risks, with a broad appetite for small and middle market accounts.
This consolidation combines the underwriting expertise and tailored solutions of CorRisk Solutions with Celerity Pro’s cutting-edge technology and innovative product development, explains the firm.
In addition to serving as President, Nash has been appointed Head of Professional Liability. The executive, who has over 30 years of professional liability underwriting experience, most recently served as President of CorRisk Solutions.
His extensive background includes launching and managing successful underwriting businesses and representing the London market as a lead underwriter for multiple facilities.
Pursiano, who was Founder and President of Celerity Pro, will also be serving as Head of Management Liability of Celerity Risk.
He brings over 30 years of experience in underwriting management liability, professional liability, and cyber insurance. As Founder and President of Celerity Pro, the executive has a proven track record of delivering innovative, technology-driven solutions tailored to the needs of small and mid-sized businesses.
Additionally, Simon White will lead Celerity Risk’s cyber team, which will offer broad cyber coverage for a wide range of industries and businesses of all sizes. He will report to Ryan Kratz of the US cyber practice.
Jamie Bouloux, CEO of Ryan Financial Lines, 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 customized, 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.”
Celerity Risk will provide a comprehensive suite of insurance products, encompassing a wide range of coverages including Management Liability, Miscellaneous Professional Liability (MPL), Cyber Liability, Media Liability, Architects & Engineers, Contractors E&O, School Leaders Professional Liability, Associations Professional Liability, and Insurance Agents E&O.
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