Best's Performance Assessment for Ryan Specialty Underwriting Managers

This document is a guide detailing Best's Performance Assessment for Ryan Specialty Underwriting Managers, effective from May 27, 2025. It outlines the performance assessment components, which include underwriting capabilities, governance and internal controls, financial condition, organizational talent, and depth and breadth of relationships. The assessment indicates that Ryan Specialty Underwriting Managers has achieved exceptional ratings across most components, reflecting its strong operational framework and market presence. The guide provides an overview of the company's structure, including its various entities and their underwriting specialties. Additionally, it presents key production figures over several years, highlighting significant premium growth and the organization's strategic investments in technology and data analytics. The assessment rationale elaborates on the organization's governance framework, emphasizing its disciplined underwriting practices and alignment of stakeholder interests. Overall, the document serves as a comprehensive evaluation of Ryan Specialty Underwriting Managers' performance in the specialty insurance market.