Ryan Specialty Launches MGU Motor Liability

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Ryan Specialty has announced the launch of AXSAL Re, an innovative solution for the challenging auto buffer excess liability market.

AXSAL Re is a group owned by a captive general underwriting (MGU) group designed specifically for transport companies or other policyholders with large fleets.

Managed by Keystone Risk Partners, Ryan Specialty’s leader in alternative risk investing, AXSAL Re is distributed through insurance brokers and agents.

“The Keystone Risk Partners team developed AXSAL Re to bring value and innovation to this struggling market,” said Kieran Dempsey, Chief Underwriting Officer of Ryan Specialty and President of Ryan Alternative Risk.

“This general motor liability management underwriter is focused on providing an alternative solution to traditional insurance, allowing policyholders buffer layer stability for the excess tower balance that follows. It is an innovative solution at the right time on the market.

Andy Lewis, CEO of Keystone Risk Partners, added: “We are delighted with this offer and know that it is the right solution for many transport companies and large fleets. The state of the surplus commercial automobile market is tight and requires alternatives for their insurance. AXSAL Re is an interesting and innovative option that was developed from this strong need.

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