Ryan Transactional Risk, a subsidiary of Ryan Specialty Holdings Inc., has announced the launch of its new product, Ryan Transactional Risk Enviro. This initiative focuses on insuring the risk of cost overruns for environmental remediations and clean-ups in corporate transactions, mergers & acquisitions, and real estate development projects. The product aims to mitigate financial risks associated with environmental exposures of known contaminants. Spearheading this effort is Cole Russo, Director of RTR Enviro, who highlights the return of an improved version of Environmental "Cost Cap" insurance to the market after a 15-year absence. The team, comprising Cole Russo, Roland Costanzo, and Al Nesheiwat, offers this service to both global and regional brokers and agencies within the United States. CEO Rich Stansfield emphasized the innovation and transformative nature of this addition to their suite of transactional liability products, underscoring its potential positive impact for clients.
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