Ryan Specialty To Acquire Velocity Risk Underwriters
January 9, 2025
Ryan Specialty has signed a definitive agreement to acquire Velocity Risk Underwriters from funds managed by Oaktree Capital Management. The deal will bring Velocity—an underwriting manager and managing general underwriter focused on catastrophe-exposed property risks—into Ryan Specialty’s Underwriting Managers division, with closing expected in early 2025 subject to regulatory approval.
- Buyers
- Ryan Specialty
- Targets
- Velocity Risk Underwriters
- Sellers
- Funds managed by Oaktree Capital Management
- Platforms
- Ryan Specialty Underwriting Managers
- Industry
- Insurance
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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