Pat Ryan (executive)

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Patrick Ryan
Pat Ryan, June 2008
Pat Ryan, June 2008
Born 1937/1938 (age 76–77)[1]
Residence Winnetka, Illinois
Citizenship United States
Education Northwestern University
Known for founder and executive chairman (retired), Aon Corporation
Net worth Increase US $ 1.1 billion (est.)
(September 2011)[2]
Spouse(s) Shirley Ryan
Children three

Patrick G. Ryan is the founder and retired executive chairman of Aon Corporation.[3][4] He served as the Chairman and CEO of the Chicago 2016 Olympic bid committee. Following the unsuccessful 2016 Chicago bid, he founded Ryan Specialty Group (RSG) as a holding company aimed at providing specialty services to insurance brokers, agents and carriers. RSG’s first subsidiary, ThinkRisk, began business in December 2009 to provide underwriting and claims management services for media, technology, advertising and network security.[5][6] He is also a leading benefactor of the Art Institute of Chicago Building's Modern wing addition.[7]

In 2004, Ryan hosted President George W. Bush during a political fundraising dinner at his home in Winnetka, Illinois. Later that year, he hosted another fundraiser with President Bush's wife and daughters as special guests.[8] In November 2008, Ryan was named one of five co-chairs for Barack Obama's inaugural committee.[9]

Ryan is a member and former Chairman of the Board of Trustees at Northwestern University, where both major athletic facilities, the Welsh-Ryan Arena and Ryan Field, are named after him. In 1990, he bought 10% of the Chicago Bears.[6][10]

Ryan is a member of the Sigma Chi fraternity. He is married to Shirley Ryan.

References[edit]

  1. ^ "The World's Billionaires: #721 Patrick Ryan". Forbes. March 3, 2010. 
  2. ^ "#375Patrick Ryan". Forbes. 2011. Retrieved 2011-09-21. 
  3. ^ Merrion, Paul (2007-04-19). "COO, CFO being recruited for Olympic bid". ChicagoBusiness (Crain Communications, Inc.). Retrieved 2007-04-21. 
  4. ^ Bansal, Paritosh (2008-03-18). "UPDATE 1-Aon Chairman, founder Patrick Ryan to retire". Reuters UK (Thomson Reuters). Retrieved 2008-11-27. 
  5. ^ "Pat Ryan going back to insurance, starting firm". Chicago Breaking News. 2010-02-09. Retrieved 2010-05-28. 
  6. ^ a b "Global Insurance Leader and Entrepreneur, Patrick G. Ryan, Launches New Business - Ryan Specialty Group". PR Newswire Association LLC. 2010-02-09. Retrieved 2010-05-28. 
  7. ^ "Latest News". The Art Institute of Chicago. 2007. Retrieved 2007-06-26. 
  8. ^ Hoffmania!: Bush Just Leaves a Trail of Destruction
  9. ^ Seelye, Katharine (2008-11-25). "Obama to Limit Inaugural Donations". The New York Times (The New York Times Company). Retrieved 2008-11-25. 
  10. ^ "CHICAGO BEARS". bizjournals.com. American City Business Journals, Inc. 2007. Archived from the original on 2007-05-01. Retrieved 2007-09-01.