Ryan Specialty Group (RSG), a global specialty insurance services business based in Chicago, announced last week that marine insurance executive, Jorge Pecci, has joined the company as President and CEO of the newly formed specialty marine underwriting manager, Safe Waters. Pecci is responsible for all aspects of the specialty marine business in the US and Latin America focusing on yacht and cargo. Ray Stahl has also joined Safe Waters as senior vice president to head the yacht practice.
Miles Wuller, COO of RSG Underwriting Managers (RSGUM), said, “We are pleased to have Jorge join us at RSGUM. Jorge is a recognized marine insurance industry expert with significant global management and operational experience. In addition to spearheading the development of RSGUM’s specialty marine underwriting manager, we look to Jorge’s deep relationships in Latin and South America to further expand RSGUM’s geographic presence.”
On joining RSG, Pecci said, “Our business approach will be customer centric, dedicated to offering tailor made solutions and superior added value services. I am excited to join the RSGUM family because they represent the future of the specialty lines space with an authentic focus on providing unparalleled solutions to the customer. Further, I am delighted to be joined by Ray who is a world class marine executive with unique relationships in the marketplace and a leading yacht underwriter.”
Safe Waters will initially have locations in Florida and New Jersey with Latin American operations expected soon.
Pecci most recently was the AIG marine regional executive for the Americas. He began his career in insurance with AIG in 1993, working in a variety of marine managerial positions. He holds an LLM in maritime law from the London Metropolitan University / Lloyd’s Maritime Academy (UK), a post graduate diploma in marine surveying (DipMarSur) from the University of Greenwich (UK) and a major in maritime transportation & deck officer License from the World Maritime University (Argentine branch). Before beginning his career in insurance, Pecci served at sea in the Merchant Marine for over a decade ending his oceangoing career as Master Mariner.
Ryan Specialty Group, LLC is a global holding company which includes a wholesale brokerage, highly-specialized underwriting companies and specialty services designed specifically for agents, brokers and insurers.