Ryan Specialty Group News

Markets/Coverages: Ryan Launches Specialty National Programs Group

Global specialty insurance firm Ryan Specialty is launching a new practice group focusing on specialty, class specific package business on both an admitted and non-admitted basis. The new group will be within its underwriting managers specialty, Ryan Specialty Underwriting Managers …

Ryan Specialty Completes Buy of Velocity Risk Underwriters

Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …

Technical Risk Underwriters Adds Wood Frame Builder’s Risk Capacity

Austin, Texas-based Technical Risk Underwriters, a Ryan Specialty Group managing general underwriter focused on construction, has secured $100 million of wood frame builder’s risk capacity, effective January 1, 2022. This newly secured wood frame capacity is offered in addition to …

Ryan Specialty Group to Acquire Pennsylvania’s Keystone Risk Partners

Ryan Specialty Group, an international specialty insurance firm, has signed an agreement to acquire certain assets of Keystone Risk Partners LLC based in Media, Pennsylvania. Terms of the transaction were not disclosed. Keystone Risk Partners was founded in 2002, and …

Ryan Specialty Acquires Crouse and Associates in California

Ryan Specialty Group acquired transportation specialist Crouse and Associates in San Francisco, California. The Crouse team is now a part of RT Specialty, the wholesale brokerage division of Ryan Specialty. Crouse has additional offices throughout California and Oregon as well …

Newly-Public Ryan Specialty Group Reports Strong Q2 Results

Ryan Specialty Group Holdings, Inc., which completed its initial public offering on July 26, announced results for the second quarter including 58.3% growth in total revenue year-over-year to $390.0 million, compared to $246.3 million in the prior-year period. The organic …

Ryan Specialty Rose 9% in NYSE Initial Offering, Valued at $6.5 Billion

Shares of Ryan Specialty Group Holdings Inc rose 9% in their New York Stock Exchange Debut on Thursday, fetching a market capitalization of $6.5 billion for the insurance brokerage founded and led by industry veteran Patrick Ryan. The stock opened …

Trading to Begin on Ryan Specialty IPO at $23.50 per Share for $1.3 Billion

Chicago-based wholesale insurance broker Ryan Specialty Group Holdings, Inc. announced the pricing of its initial public offering of 57 million shares of its Class A common stock at a price to the public of $23.50 per share for gross proceeds …

Ryan Specialty Group Registers with SEC for IPO

The Chicago-based specialty wholesale brokerage Ryan Specialty Group has filed with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The number of shares to be offered and the price range for the proposed offering have …

Hanes Named President of Ryan Specialty’s Stetson Insurance Funding

Anthony Hanes has joined Chicago-based Ryan Specialty Group’s Stetson Insurance Funding (Stetson) as president. Stetson specializes in financing commercial and personal lines insurance premiums for the excess and surplus insurance lines industry. As president of Stetson, Hanes will focus on …