Ryan Specialty Group LLC launches a wholesale benefits brokerage unit and has hired former Aon PLC manager John Zern to develop the business, the specialty broker announced Monday.
Mr. Zern was one of several leading Aon executives who left 2019 in the middle of the brokerage business' restructuring work. Prior to retiring, he was President of Global Health Solutions and President of North America's Commercial Risk and Health Solutions.
At Ryan Specialty comes Mr. Zern to be the President and CEO of Ryan Specialty Benefits, which will include its wholesale and executive management. the general insurance benefit, the Chicago-based intermediary said in a statement.
"We believe there is a significant need for retail customers and growth opportunities over employee benefits and are pleased to announce Ryan Specialty Benefits," said Patrick G. Ryan, Chairman and CEO of Ryan Specialty.
Ryan Specialty is the third largest specialist broker and wholesaler according to Business Insurance latest ranking.