Ryan Specialty To Acquire Velocity Risk Underwriters

Oaktree Funds Acquire Velocity Risk Underwriters

December 28, 2021

Insurance

Funds managed by Oaktree Capital Management have acquired Velocity Risk Underwriters, a Nashville-based catastrophe-focused managing general agent (MGA). Nephila Capital, the firm's founder, will remain a minority shareholder as Oaktree provides capital and support to expand Velocity Risk’s underwriting platform and capabilities.

Ryan Specialty Acquires 360° Underwriting

May 20, 2025

Insurance

Ryan Specialty (NYSE: RYAN) has acquired 360° Underwriting, a managing general underwriter specializing in commercial construction based in Dublin and Galway, Ireland. 360 will join the Ryan Specialty Underwriting Managers division to complement Ryan Specialty's latent defect business and serve as a natural entry point into the Irish market; terms were not disclosed.

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.

Velocity HoldCo Acquires Majority Stake in Insight Risk Technologies

September 18, 2023

Insurance

Velocity HoldCo, the holding company for Velocity Risk Underwriters, acquired a majority stake in Insight Risk Technologies, a technology-focused Builder's Risk managing general agent (MGA). The deal, closed September 18, 2023, adds Builder's Risk capabilities and IoT-enabled loss-prevention tech to Velocity's specialty insurance platform and is being used to accelerate Insight Risk's growth across the US.

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.

Ryan Specialty Acquires Castel Underwriting Agencies

December 21, 2023

Insurance

Ryan Specialty (NYSE: RYAN) has signed a definitive agreement to acquire Castel Underwriting Agencies Limited from Arch Financial Holdings (UK) Limited and minority shareholders. Castel is a London-headquartered managing general underwriter (MGA) platform comprising 13 MGUs and generating roughly £35 million of operating revenue; the deal is expected to close in the first half of 2024 subject to regulatory approvals and customary conditions.