realestate

Ryan Specialty Sets Up MGU for Complex Construction & Residential

Ryan Specialty launches Clach Casualty Underwriters, a general underwriter for primary and excess coverage in construction.

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yan Specialty announced Clach Casualty Underwriters, a managing general underwriter delivering primary and excess casualty insurance for construction and residential real‑estate risks. The MGU offers monoline products: general liability for NY contractors and owners with $10 million primary limits (10/10/10), liability‑only wraps at $10 million, residential liability up to $1 million per event and $2 million aggregate. Adam Schnell, former EVP of specialty casualty at Ryan Specialty Underwriting Managers, is EVP of the MGU. Clach will serve niche markets that often struggle to secure coverage. Business is sold through wholesale brokers and is part of the Ryan Specialty Underwriting Managers division.

Ryan Specialty launches MGU for complex construction and residential projects.