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Ryan Specialty Completes Acquisition of Velocity Risk Underwriters

1. Ryan Specialty acquired Velocity Risk Underwriters, enhancing its catastrophe insurance offerings. 2. Velocity is a managing general underwriter based in Nashville, TN. 3. The acquisition strengthens Ryan's capacity in the specialty insurance market. 4. This deal was initially announced on January 7, 2025. 5. Oaktree Capital managed the funds for the acquisition of Velocity.

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FAQ

Why Bullish?

The acquisition strengthens Ryan's market position, which may attract investor interest, similar to past acquisitions boosting stock values.

How important is it?

The acquisition significantly enhances Ryan's insurance capabilities, holding potential for future growth in a key market sector.

Why Long Term?

Dive into operations and market integration will positively impact revenues over time, akin to historical mergers enhancing growth.

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RYANOAKT
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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