Ryan Specialty Expands Presence in Europe with Madrid Office

6 JULY 2022, LONDON - Ryan Specialty is pleased to announce that effective 1 July 2022 has opened an office in Madrid as a next step in the evolution of the firm's transactional risk managing general underwriter, Ryan Specialty Transactional Risks International. Madrid is the firm's third European / UK office, the second in Spain, and is led by Marta Batalla, Director of the Spanish Branch, Ryan Specialty Transactional Risks International. The office in Madrid focuses on the core transactional risk products of warranty and indemnity insurance and commercial tax liability insurance, servicing brokers across continental Europe.

Ryan Specialty Transactional Risks International is also pleased to announce the continued expansion of its European team with the hiring of Rafael Giménez-Reyna, is located in Madrid. Rafa joins the international tax team from private practice in which he has spent over 10 years advising clients on Spanish and international tax matters.

Kerry Westwell, Head of Tax, Ryan Specialty Transactional Risks Europe, commented, "The tax insurance product continues to evolve at a rapid rate, and it is great to be able to add someone of Rafa's experience to the team. Rafa will be working on international tax risks, but as Spain is currently a busy jurisdiction for tax insurance, it will be extremely beneficial having someone on the ground in Madrid."

Marta Batalla, further commented, "The transactional risk practice has continued to experience significant growth in the last few years. We now have a team of 30 professionals, including 18 lawyers speaking nine languages, all backed by the strength of Ryan Specialty. Our deep technical knowledge, consistent underwriting approach, and unwavering work ethic enable the team to review thousands of transactions every year providing superior service to our clients and carrier trading partners."

For additional information on the Madrid office or tax team expansion, please contact:

• Marta Batalla, Director of the Spanish Branch: [email protected]
• Kerry Westwell, Head of Tax: [email protected]
• Rafael Gimenez, Tax Underwriter, [email protected]

About Ryan Specialty Transactional Risks International

Ryan Specialty Transactional Risks International is a specialised managing general underwriter focused exclusively on providing transactional insurance solutions to the mergers & acquisitions community.

Ryan Specialty Transactional Risks International's operations are conducted through several legal entities, the choice of which depends on where the entities are authorised to operate. In the UK, Ryan Specialty Transactional Risks International is a tradename of Ryan Specialty International Limited (previous company name RSG Underwriting Managers Europe Limited) (Ryan Specialty International), authorised and regulated by the Financial Conduct Authority (FRN 733324). Registered office: 30 St. Mary Axe, 13th Floor, London, EC3A 8BF, United Kingdom. Company number 07164987. In the EEA, Ryan Specialty Transactional Risks Europe is a tradename of Ryan Specialty Nordics AB, Spanish Branch, authorised by the Spanish Financial Services Authority. Org nr 556741-6572. Registered office: Calle Monte Esquinza 30, 28010 Madrid. CIF W002509. In the US, Ryan Specialty Transactional Risks International's operations are conducted by RSG Transactional Risks US, a series of RSG Underwriting Managers, LLC, a Delaware limited liability company (Ryan Specialty Underwriting Managers US). Ryan Specialty International, Ryan Specialty Nordics AB, Spanish Branch and Ryan Specialty Underwriting Managers US are subsidiaries of Ryan Specialty, LLC. Ryan Specialty Transactional Risks International works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain jurisdictions, and some products may only be available in the US from surplus lines insurers. In California: RSG Insurance Services, LLC (License #0E50879). ©2022 Ryan Specialty, LLC

About Ryan Specialty

Founded in 2010, Ryan Specialty (NYSE: RYAN) is a service provider of specialty products and solutions for insurance brokers, agents and carriers. We provide distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. ryansg.com

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