Ryan Transactional Risk launches new environmental unit
By Mia MacGregor
June 18 - (The Insurer) - Managing general underwriter Ryan Transactional Risk has launched a new product designed to insure against the risk of cost overruns in environmental remediations and clean-ups.
The product, known as Ryan Transactional Risk Enviro (RTR Enviro), provides environmental remediation cost overrun insurance for corporate transactions, divestitures, mergers and acquisitions and real estate development projects.
RTR Enviro aims to eliminate or minimize the risk of cost overruns while addressing environmental exposures from known contaminants.
The product is available to both global and regional brokers and agencies within the U.S. The underwriting team includes Cole Russo, Roland Costanzo and Al Nesheiwat.
“Ryan Transactional Risk Enviro is the leader in providing environmental remediation cost overrun insurance. We are bringing back a new and improved version of Environmental 'Cost Cap' insurance that has not been in the market for over 15 years,” said Russo.
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