Ryan Specialty Hldgs Inc - RYAN STOCK NEWS

Ryan Specialty Group, a key player in specialty insurance, plans to offer up to $400 million in senior secured notes due 2030. The offering, not guaranteed by the parent company, will be secured on a first-lien basis by assets under its credit agreement. Proceeds will fund general corporate purposes, including acquisitions and related expenses. The notes will be privately offered to qualified institutional buyers and are not registered under the Securities Act. This move may enhance the company's financial flexibility but does not come without risks associated with its unsecured structure.

Ryan Specialty Group (NYSE: RYAN) has successfully completed the acquisition of certain assets from Keystone Risk Partners, LLC, located in Media, PA. This acquisition, previously announced on December 13, 2021, aligns with Ryan Specialty's strategy to expand its specialty insurance offerings and enhance services to brokers and agents. Founded in 2010, Ryan Specialty is a growing service provider focusing on innovative insurance solutions, distribution, underwriting, and risk management.

Ryan Specialty Group (NYSE: RYAN) has announced a definitive agreement to acquire certain assets of Keystone Risk Partners, based in Media, PA. This acquisition aims to enhance Ryan's offerings to retail brokers and agents by adding new talent and facilitating access to alternative risk capital. Keystone generated approximately $8 million in revenue for the 12 months ending November 30, 2021. The transaction terms were not disclosed, and it is expected to close later this month, subject to closing conditions.

Ryan Specialty Group (NYSE: RYAN) announced that its CEO Patrick G. Ryan, President Tim Turner, and CFO Jeremiah Bickham will participate in a fireside chat at the Goldman Sachs US Financial Services Conference on December 8, 2021, at 1:40 PM ET. The event will be accessible via a live webcast on Ryan Specialty's investor relations website. A replay will also be available post-event. Founded in 2010, Ryan Specialty Group specializes in providing innovative insurance solutions for brokers, agents, and carriers.

Ryan Specialty Group (NYSE: RYAN) has announced the acquisition of Crouse and Associates, a transportation specialist based in San Francisco, CA. Crouse, founded in 1975, adds significant expertise in transportation, Excess and General Liability, and Property and Casualty risks. The acquisition enhances Ryan Specialty's wholesale brokerage division, RT Specialty, and expands its national footprint in the transportation sector. Crouse generated approximately $26 million in revenue for the twelve months ended November 30, 2021.

Ryan Specialty Group reported a strong financial performance for Q3 2021, with Total Revenue soaring by 49.0% year-over-year to $352.8 million. The company achieved an Organic Revenue Growth Rate of 28.9%, surpassing last year’s 13.6%. However, it faced a Net Loss of $32.6 million, primarily due to one-time IPO costs. On a positive note, Adjusted EBITDAC jumped 55.9% to $105.0 million, with margins improving to 29.8%. The company also raised its full-year outlook for both Organic Revenue Growth and Adjusted EBITDAC Margin.

Ryan Specialty Group Holdings, Inc. (NYSE: RYAN) will release its third quarter 2021 financial results on November 11, 2021, after market close. A conference call to discuss these results is scheduled for 5:00 PM ET on the same day, accessible via a live webcast on their investor relations website. Founded in 2010, Ryan Specialty provides innovative specialty insurance solutions and serves as a wholesale broker and managing underwriter. For more information, visit ir.ryansg.com.

Ryan Specialty Group has appointed Miles Wuller as the new Chief Executive Officer of RSG Underwriting Managers, effective September 30, 2021. Wuller has been with the company since its inception in 2010 and previously served as President of RSG Underwriting Managers. His promotion comes following the retirement of Tom Clark due to personal reasons. Founder Patrick G. Ryan expressed confidence in Wuller’s leadership abilities, emphasizing his contributions to the organization’s growth. The company aims to enhance its managing underwriting capabilities under Wuller’s direction.

Ryan Specialty Group (NYSE: RYAN) announced that President Tim Turner and CFO Jeremiah Bickham will join a virtual fireside chat at the KBW Insurance Conference on September 9, 2021, at 2:50 PM Eastern Time. The chat can be accessed via Ryan Specialty’s investor relations website. A replay will be available for 90 days after the event. Founded in 2010 by Patrick G. Ryan, Ryan Specialty Group specializes in providing innovative insurance solutions for brokers, agents, and carriers.