AccuRisk Acquires Matrix Group Benefits

Ryan Specialty Acquires AccuRisk Holdings

October 30, 2023

Insurance

Ryan Specialty (NYSE: RYAN) has signed a definitive agreement to acquire AccuRisk Holdings, a Chicago-headquartered medical stop loss managing general underwriter (MGU) founded in 2017. AccuRisk generated approximately $25 million of revenue for the 12 months ended July 31, 2023; the transaction, terms undisclosed, is expected to close in December 2023 and will expand Ryan Specialty's employee benefits capabilities and product depth.

AccuRisk Solutions LLC Acquires Case Management Specialists, Inc.

December 1, 2020

Healthcare Services

AccuRisk Solutions LLC, a Chicago-based managing general underwriter, acquired the rights to Case Management Specialists, Inc. effective December 1, 2020. The acquisition brings Case Management Specialists’ medical management, wellness services and predictive analytics capabilities into AccuRisk’s cost-containment and occupational accident product offerings to expand its service capabilities for employer and insurer clients.

BCS Financial Corporation Acquires Medical Risk Managers, Inc.

October 6, 2020

Insurance

BCS Financial Corporation has acquired Medical Risk Managers, Inc. (MRM), a managing general underwriter providing Stop Loss pricing and underwriting services. The acquisition adds MRM’s Stop Loss pricing, underwriting, and case management capabilities to BCS’s Risk Navigator solution set and keeps MRM leadership (Mehb Khoja) in place while MRM remains headquartered in Connecticut.

MedRisk Acquires Medata

January 9, 2024

Healthcare Services

MedRisk, a leading managed care organization focused on physical rehabilitation for workers' compensation, has acquired Medata, a provider of cost containment and document management solutions for the workers' compensation and auto liability markets. The deal expands MedRisk's care management and cost-containment capabilities and enables combined data assets to drive new insights and product innovation for customers, patients, and provider partners.

Ambac Financial Group Acquires 80% of Xchange (Xchange Benefits & Xchange Affinity Underwriting)

December 24, 2020

Insurance

Ambac Financial Group agreed to acquire 80% of the membership interests in Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC, with Xchange management principals retaining the remaining 20%. The acquisition is part of Ambac's strategy to diversify into specialty program insurance and expand its MGA/MGU capabilities to generate recurring fee-based income and accelerate Xchange's geographic and product growth plans.

Beyond Risk Acquires SL Management Partners

April 8, 2024

Financial Services

Beyond Risk Topco Holdings, LP LLC (Beyond Risk) has acquired SL Management Partners, a Massachusetts-based medical stop loss managing general underwriter and claims services provider. The acquisition expands Beyond Risk’s employee benefits and medical stop loss (MSL) capabilities and adds underwriting and claims services to its alternative risk solutions platform, providing SL Management Partners with strategic, operational and distribution support.