Bernard Ryan has joined CIM Group as managing director and head of insurance in connection with the firm’s expansion of its insurance-focused client solutions group through the formation of a specialized insurance industry team.
This insurance team will “offer tailored strategies and partnerships to insurance companies across North America within areas such as CIM Group's real estate, infrastructure and credit businesses,” said an Oct. 30 news release. Ryan will oversee this initiative.
Based in Boston, Ryan will also be building CIM Group's insurance team by adding members with specific skills and insurance industry experience.
He most recently was head of business development-insurance at DWS Group. A DWS spokesperson said Jim Richard has been appointed head of insurance coverage for the Americas, responsible for relationship management, business development and insurance advisory.
CIM is a real estate and infrastructure owner, operator, lender and developer that has $28.6 billion in assets under management, according to the firm’s website.