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Ryan Specialty Completes Acquisition of Velocity Risk Underwriters

1. Ryan Specialty acquires Velocity Risk Underwriters to enhance its MGU services. 2. Velocity specializes in first-party insurance for catastrophe-exposed properties. 3. Acquisition aligns with Ryan Specialty's mission for innovative insurance solutions.

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FAQ

Why Bullish?

The acquisition can expand Ryan's market presence and service offerings, similar to prior successful acquisitions that boosted growth.

How important is it?

The acquisition strengthens Ryan's capabilities in a competitive insurance market, which is crucial for investor confidence.

Why Long Term?

The integration of Velocity will likely take time to maximize synergies, leading to sustained benefits over years.

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CHICAGO--(BUSINESS WIRE)--Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce that today it has completed the acquisition of Velocity Risk Underwriters, LLC (“Velocity”) from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). Based in Nashville, Tennessee, Velocity is a leading managing general underwriter (“MGU”) providing first-party insurance coverage for catastrophe exposed properties and will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. The acquisition was previously announced on January 7, 2025 and that announcement can be found here. About Ryan Specialty Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. Ryan Specialty provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. Learn more at ryanspecialty.com.

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