Ryan Specialty announces board changes

Ryan Specialty Holdings has announced the retirement of William J. Devers from its board of directors. The retirement was effective Dec. 1.

“Bill Devers has been on the board of Ryan Specialty since 2013 and has been a trusted advisor, colleague and friend over the years,” said Patrick G. Ryan, chairman of the board of directors. “We thank Bill for his time and advice that has been so instrumental in guiding Ryan Specialty these past 11 years.”

The company also announced the appointment of Pat Ryan Jr. to the board, effective Jan. 1.

Pat Ryan Jr. is a technology entrepreneur and investor. He is the founder of two high-growth software-as-a-service companies, each of which was recognized by Inc. Magazine as among the four fastest-growing US software companies. He also co-founded venture capital firm Chicago Ventures and serves as the founder and CEO of Incisent Labs Group, a holding company and incubator for new tech companies. He also served on the board of Penske Corporation for 25 years.

“We are very excited to welcome Pat to Ryan Specialty’s board of directors,” Patrick G. Ryan said. “Pat brings a new dimension to our board with his deep knowledge of technical excellence in business. He has a proven track record of success with high-growth companies, and we welcome his strategic and knowledgeable insights.”

“It is an honor to join the board of Ryan Specialty,” Pat Ryan Jr. said. “As an industry leader, the firm continues to evolve and innovate based on the needs of their clients and the insurance market. I look forward to assisting in the guidance of Ryan Specialty’s continued long-term growth.”

Last month, Ryan Specialty announced the launch of Ryan Financial Lines, an international financial lines managing general underwriter. In August, the company announced the appointment of Michael Conklin as vice president and chief human resources officer.

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