Ryan Specialty Strengthens Portfolio with Ethos Acquisition

Ryan Specialty Expands Its Offerings Through Strategic Acquisition

Ryan Specialty (NYSE: RYAN), a reputable international specialty insurance firm, has successfully completed the acquisition of the Property and Casualty (“P&C”) MGUs from Ethos Specialty Insurance, LLC. This acquisition from Ascot Group Limited marks a significant milestone for Ryan Specialty as it strives to enhance its service offerings. Ethos P&C, established in 2017, will now be integrated into the Ryan Specialty Underwriting Managers (“RSUM”) division. However, it’s important to note that Ethos’ Transactional Liability MGU was not part of this acquisition and will continue to be associated with Ascot.

Understanding the Impact of the Acquisition

The inclusion of Ethos P&C into Ryan Specialty’s portfolio highlights its strategy to diversify and strengthen its position in the insurance market. By acquiring these MGUs, Ryan Specialty is positioning itself to provide a wider range of products and services to its clients, addressing emerging needs within the specialty insurance sector.

About Ryan Specialty: A Leader in Specialty Insurance

Founded in 2010, Ryan Specialty has built a strong reputation as a provider of specialty products and solutions tailored for insurance brokers, agents, and carriers. The company operates as a wholesale broker and managing underwriter, equipped with delegated authority from various insurance carriers. Ryan Specialty is dedicated to delivering innovative and industry-leading specialty insurance solutions designed to meet the unique needs of its partners in the insurance market.

Key Services Offered by Ryan Specialty

Ryan Specialty offers a comprehensive suite of services that includes distribution, underwriting, product development, administration, and risk management. This multi-faceted approach not only empowers brokers and agents with effective insurance solutions but also enhances risk management capabilities across its partnered carriers.

Ascot Group: A Legacy of Excellence

Ascot Group, established in 2001, is known for its strong performance in the global specialty insurance and reinsurance markets. With a commitment to underwriting excellence and superior claims service, Ascot provides tailored property and casualty products to a diverse clientele worldwide through its various market platforms. This reputation for quality has helped Ascot maintain an influential position in the industry.

Canadian Pension Plan Role in Ascot Group

Ascot Group operates under the ownership of the Canada Pension Plan Investment Board (CPP Investments). This organization oversees the assets of the Canada Pension Plan, which caters to over 22 million contributors and beneficiaries, ensuring the optimal management of its substantial C$646 billion in net assets. The firm has received top ratings of 'AAA' from both S&P and Moody's, showcasing its financial stability and reliability.

Future Outlook for Ryan Specialty

As Ryan Specialty continues to grow and evolve through strategic acquisitions, the company remains committed to enhancing its service offerings and expanding its global reach. The integration of Ethos P&C into Ryan Specialty is expected to facilitate innovative product development and greater market adaptation to evolving customer demands.

Innovative Solutions on the Horizon

With the addition of Ethos P&C’s capabilities, Ryan Specialty is poised to launch additional specialty insurance solutions that align with contemporary market needs. The company’s focus on innovation reinforces its position as a leader in specialty insurance, allowing it to better serve its clients and adapt to changes in the marketplace.

Frequently Asked Questions

What does the acquisition of Ethos Specialty Insurance entail?

The acquisition allows Ryan Specialty to integrate Ethos P&C MGUs, expanding its suite of specialty insurance products while continuing to exclude Ethos’ Transactional Liability MGU.

How long has Ryan Specialty been in operation?

Ryan Specialty was founded in 2010 and has since established itself as a key player in the specialty insurance sector.

What services does Ryan Specialty provide?

Ryan Specialty provides distribution, underwriting, product development, administration, and risk management services to insurance brokers, agents, and carriers.

What is the significance of Ascot Group in this acquisition?

Ascot Group was the original owner of Ethos P&C, and their role as a reputable insurance company provides enhanced value to the transaction.

How does the Canada Pension Plan Investment Board relate to Ascot Group?

The Canada Pension Plan Investment Board owns Ascot Group and manages the assets of the Canada Pension Plan, contributing to Ascot's stability and reputation.

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