Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC.
Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative risk business within Ryan Specialty.
The acquisition was previously announced in April.
USQ has two core business divisions: Alternative Risk and Facilities. The Alternative Risk specialty underwrites, structures, prices and places specialty insurance for corporate clients seeking bespoke, multi-year risk coverages. The Facilities specialty creates new products for unique risks in highly dislocated markets.
The acquisition is expected to bring approximately $11 million of incremental operating revenue to Ryan Specialty, according to the announcement. Terms of the transaction were not disclosed.
Ryan Specialty reported its first quarter results on May 1. The firm grew total revenue 25% to $690 million, supported by organic growth of nearly 13% with mergers and acquisitions adding 13% to the top line.
Topics Mergers & Acquisitions
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