Ryan Specialty (RYAN) Shares Plunge 6.80% Amid Leadership Change

Ryan Specialty (RYAN) shares plummeted 6.80%, hitting their lowest level since February 2025, with an intraday decline of 8.78%.

Ryan Specialty has recently appointed Chris Kelleher as the president of Suitelife Underwriting Managers. This leadership change is expected to influence the company's operations and investor perception, potentially affecting the stock price.

Additionally, Ryan Specialty is actively seeking investor support for a new sidecar setup with Axis. This strategic initiative could impact market perceptions and stock performance, as it indicates the company's efforts to expand its underwriting capabilities and diversify its revenue streams.