Specialty insurance broker Ryan Specialty Group has filed a proposal with the Securities and Exchange Commission for an initial public offering (IPO).
The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined.
Ryan Specialty Group said it expects to commence the initial public offering following completion of the SEC review process, subject to market and other conditions.
The announcement comes six months after Ryan Specialty Group closed on its acquisition of another large wholesaler, All Risks. That deal united Illinois-based Ryan Specialty Group and its nearly $12 billion in premium, and Florida-based All Risks, which has close to $2.6 billion in premium.
The combination has roughly 3,300 employees and more than 70 offices across the United States, the United Kingdom and Europe.
Only AmWINS and CRC Insurance Services are larger than RSG and All Risks in the wholesale brokerage space.
Was this article valuable?
Here are more articles you may enjoy.
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data 
Alabama DOI Report Shows Litigation Is Up, Raising Liability Costs and Rates 
Forecasters Warn of ‘Potentially Catastrophic’ Storm From Texas to the Carolinas 
Commercial Lines Market Overall Remains Firm, Says Ivans 
