Ryan Specialty consolidates two divisions to launch rebranded business unit Celerity Risk

By Isha Marathe

Feb 4 - (The Insurer) - Ryan Specialty Underwriting Managers has merged CorRisk Solutions, the US wholesale division of Ryan Financial Lines, with Celerity Pro, previously part of Innovisk which Ryan Specialty acquired in 2024 to create Celerity Risk.

Celerity Risk is meant to address management and professional liability risks with a broad appetite for small and middle market accounts. According to Ryan Specialty, this consolidation leverages the underwriting expertise and tailored solutions of CorRisk Solutions with Celerity Pro’s technology and product development.

The new division will deliver insurance products including management liability, cyber liability, architects and engineers, school leaders professional liability, insurance agents E&O, MPL, media liability, contractors E&O, and associations professional liability said the firm in a statement.

Celerity Risk will be co-led by Tom Nash, co-president and head of professional liability, and president of CorRisk Solutions, along with Carl Pursiano, co-president and head of management liability, and Founder and President of Celerity Pro.

“Our goal is to provide brokers with unparalleled speed and service,” said Jamie Bouloux, CEO of Ryan Financial Lines.

“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,” he continued.

Celerity Risk is a result of Ryan Specialty's Innovisk acquisition. The company acquired the London-based incubator Innovisk Capital Partners from private equity firms Abry Partners and BHMS Investments in 2024, Program Manager reported.