Pat Ryan (executive)

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This article is about the American business executive. For other uses, see Pat Ryan.
Patrick Ryan
Pat Ryan, June 2008
Pat Ryan, June 2008
Born 1937/1938 (age 78–79)[1]
Residence Winnetka, Illinois, US
Citizenship American
Education Northwestern University
Known for founder and executive chairman (retired), Aon Corporation
Net worth US $ 2.5 billion
(August 2015)[2]
Spouse(s) Shirley Ryan
Children three

Patrick G. Ryan (born 1937/38) 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 Bush's wife and daughters as 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. 2015. Retrieved August 27, 2015. 
  3. ^ Merrion, Paul (April 19, 2007). "COO, CFO being recruited for Olympic bid". ChicagoBusiness. Crain Communications, Inc. Retrieved April 21, 2007. 
  4. ^ Bansal, Paritosh (March 18, 2008). "UPDATE 1-Aon Chairman, founder Patrick Ryan to retire". Reuters UK. Thomson Reuters. Retrieved November 27, 2008. 
  5. ^ "Pat Ryan going back to insurance, starting firm". Chicago Breaking News. February 9, 2010. Retrieved May 28, 2010. 
  6. ^ a b "Global Insurance Leader and Entrepreneur, Patrick G. Ryan, Launches New Business - Ryan Specialty Group". PR Newswire Association LLC. February 9, 2010. Retrieved May 28, 2010. 
  7. ^ "Latest News". The Art Institute of Chicago. 2007. Retrieved June 26, 2007. 
  8. ^ Hoffmania!: Bush Just Leaves a Trail of Destruction
  9. ^ Seelye, Katharine (November 25, 2008). "Obama to Limit Inaugural Donations". The New York Times. The New York Times Company. Retrieved November 25, 2008. 
  10. ^ "CHICAGO BEARS". bizjournals.com. American City Business Journals, Inc. 2007. Archived from the original on May 1, 2007. Retrieved September 1, 2007.