Ryan Specialty Hldgs Inc Stock Price, News & Analysis

Ryan Specialty (NYSE: RYAN) completed the acquisition of Stewart Specialty Risk Underwriting Ltd. (SSRU) on December 3, 2025.

SSRU is a Toronto-based managing general underwriter that specializes in underwriting large-account, high-hazard property and casualty solutions and will operate within Ryan Specialty Underwriting Managers (RSUM).

The deal was previously announced on October 25, 2025; no financial terms or revenue impacts were disclosed in the announcement.

Ryan Specialty (NYSE: RYAN) signed a definitive agreement to acquire Stewart Specialty Risk Underwriting (SSRU), a Toronto-based MGU founded in 2016 that underwrites large-account, high-hazard property & casualty risks.

SSRU will join Ryan Specialty Underwriting Managers (RSUM), operates across all 13 Canadian provinces and territories, and served manufacturing, utilities, real estate, construction and oil & gas sectors. SSRU reported ~CAD$18 million operating revenue for the 12 months ended September 30, 2025 (unaudited), roughly USD$13 million at current exchange rates. Terms were not disclosed and the deal is expected to close in Q4 2025.

Ryan Specialty (NYSE: RYAN) appointed Steve Keogh and Brendan Mulshine as Co-Presidents effective October 8, 2025. Both will report to CEO Tim Turner. Keogh, who joined Ryan Specialty in May 2025, has over 30 years of insurance experience including senior roles at Aon. Mulshine, at Ryan Specialty since 2012, also has over 30 years of industry experience and currently serves as Chief Revenue Officer. Jeremiah Bickham transitioned from President to serve as a strategic advisor through the end of 2025. Company leadership highlighted continuity and executive depth as drivers for ongoing growth.

Ryan Specialty (NYSE: RYAN) will release its Third Quarter 2025 financial results after market close on Thursday, October 30, 2025. The company will host a conference call to discuss results at 4:45 PM Eastern Time on the same day, accessible via a live webcast on the company’s Investor Relations site. Attendees are asked to join the webcast at least 10 minutes early. A replay of the webcast will be available at ir.ryanspecialty.com for one year following the call.

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, has appointed Michael G. Bungert to its Board of Directors, effective September 3, 2025. Bungert, who will serve on the Compensation and Governance Committee, brings extensive insurance industry experience from his distinguished career, most recently as Chairman of Aon Re Global until his retirement in 2024.

Bungert's career spans over four decades in the reinsurance sector, including serving as CEO of Aon Re from 1998 and later as Chairman for 11 years. His experience includes roles at Continental Casualty Company, CNA Re, and Thomas A. Greene Inc. Intermediaries before joining Aon Re in 1989.

Ryan Specialty (NYSE: RYAN) has announced the formation of Ryan Alternative Capital Re, Ltd. (RAC Re), a new collateralized reinsurance vehicle. The flagship sidecar has raised $400 million in committed capital from Flexpoint Ford and Sixth Street, and will provide $900 million in multi-year premium capacity.

The innovative structure, launched through a strategic partnership with AXIS Capital (NYSE: AXS) via its Lloyd's of London syndicate 1686, represents the first multi-year, multi-class P&C vehicle providing capacity for specialty cat and non-cat property and casualty risks across Ryan Specialty Underwriting Managers' (RSUM) portfolio of MGAs.

Markel Insurance (NYSE:MKL) has finalized the sale of its Global Reinsurance business renewal rights to Nationwide, as part of its strategy to streamline operations and focus on core specialty insurance markets. The transaction, initially announced on July 30, 2025, involves Nationwide delegating the underwriting and management of renewal policies to Ryan Re Underwriting Managers, a managing general underwriter of Ryan Specialty (NYSE:RYAN).

While no insurance company entities were sold, Markel's Global Reinsurance division will enter runoff, with premiums expected to earn out over the next 2-3 years. The financial terms of the transaction remain undisclosed.

Ryan Specialty (NYSE:RYAN) reported strong Q2 2025 financial results with total revenue growing 23.0% year-over-year to $855.2 million. The company achieved an organic revenue growth rate of 7.1% despite challenging market conditions.

Key financial metrics include net income of $124.7 million (up 5.6% YoY), Adjusted EBITDAC of $308.4 million (up 24.5% YoY), and Adjusted Diluted EPS of $0.66 (up 13.8% YoY). The company maintained strong profitability with an Adjusted EBITDAC margin of 36.1%.

Management updated its full-year 2025 guidance, revising Organic Revenue Growth Rate to 9.0%-11.0% (down from 11%-13.0%) and Adjusted EBITDAC Margin to 32.5%-33.0%. The company declared a quarterly dividend of $0.12 per share.