Ryan Specialty Group has hired the head of AmWINS Special Risk Underwriters (SRU) Katie Davies to launch a new property MGU, with a strong cat component.

Like AmWINS SRU, the facility will be exclusive to clients of the group’s wholesale broker, RT Specialty, and it will exist as an affiliate of the group.

According to a Ryan Specialty statement, the new facility is a “major commitment to the RT brokers and their clients and will provide additional capacity and innovative property solutions”.

The firm added that the facility will underwrite all forms of property exposure and will also have a strong catastrophe component.

“Katie Davies is a highly respected leader and one of the best property minds in the industry. With her leadership, we are confident that she will attract additional top decile underwriting talent to develop and build out this new facility”.

While head of AmWINS SRU, Davies negotiated facility arrangements with a number of significant capacity providers, including ILS heavyweight Nephila and WBE.