Ryan Specialty Acquires Socius Insurance Services

Abry Partners Invests in Socius Insurance Services

July 1, 2021

Insurance

Abry Partners has made a significant growth investment in Socius Insurance Services, partnering with CEO and co-founder Patrick Hanley and the company's senior management. Socius will use the proceeds to accelerate its growth plan, pursue acquisitions to build national footprint and expand product offerings across management liability, cyber and property & casualty lines while Hanley remains CEO.

Socius Insurance Services Acquires Kelly Underwriting Services, LLC

January 18, 2023

Financial Services

Socius Insurance Services, a San Francisco-based wholesale insurance broker backed by Abry Partners, has acquired the assets of Kelly Underwriting Services, LLC, a Farmingdale, New York-based managing general underwriter (MGU) focused on professional liability programs. Kelly will operate its dedicated underwriting platform independently while Socius provides additional corporate leadership and operational infrastructure to accelerate growth.

Ryan Specialty Acquires Centurion Liability Insurance Services

November 1, 2022

Insurance

Ryan Specialty (RT Specialty), the specialty insurance arm of Ryan Specialty Group (NYSE: RYAN), acquired certain assets of Centurion Liability Insurance Services, a professional lines wholesale insurance broker with employees in California and Florida. Centurion was previously partially owned by Insurance Office of America (IOA); terms were not disclosed. The acquisition expands Ryan Specialty's professional liability capabilities and brings Centurion's team into RT Specialty's platform.

Ryan Specialty Group Acquires Transportation Wholesaler Crouse and Associates

December 1, 2021

Insurance

Ryan Specialty Group (NYSE: RYAN) has acquired San Francisco–headquartered transportation specialist Crouse and Associates, integrating the team into RT Specialty, Ryan Specialty’s wholesale brokerage division. The deal (terms not disclosed) expands Ryan Specialty’s transportation capabilities and adds a West Coast footprint; Crouse reported approximately $26 million of revenue for the trailing twelve months ended November 30, 2021.

Ryan Specialty Acquires J.M. Wilson

July 1, 2025

Insurance

Ryan Specialty (NYSE: RYAN) has completed the acquisition of J.M. Wilson Corporation, integrating JM Wilson's binding authority and surplus lines operations into RT Binding Authority. The acquisition expands Ryan Specialty’s specialty insurance distribution and underwriting capabilities, particularly across commercial transportation, marine, personal lines and surety markets.

Ryan Specialty Acquires Certain Assets of Griffin Underwriting Services

December 11, 2022

Insurance

Ryan Specialty (NYSE: RYAN) signed a definitive agreement to acquire certain assets of Griffin Underwriting Services, a Bellevue, Washington-based binding authority specialist and wholesale insurance broker. The deal expands Ryan Specialty's specialty offerings in the Pacific Northwest and strengthens its national binding authority capabilities; Griffin generated about $23 million of revenue for the 12 months ended November 30, 2022.