Welcome to our dedicated page for Ryan Specialty Hldgs news (Ticker: RYAN), a resource for investors and traders seeking the latest updates and insights on Ryan Specialty Hldgs stock.
Ryan Specialty Holdings Inc (NYSE: RYAN) delivers innovative specialty insurance solutions through wholesale brokerage and underwriting services for complex risks. This news hub provides investors and industry professionals with essential updates about the company's strategic positioning in the global insurance market.
Access real-time announcements including earnings reports, acquisition developments, and leadership updates, alongside analysis of RYAN's product innovations in risk management. The curated collection serves as a strategic resource for understanding the company's growth in niche insurance segments and its technology-driven underwriting approach.
Content spans regulatory filings, partnership announcements, and market expansion initiatives, reflecting RYAN's focus on managing hard-to-place risks through data analytics. Bookmark this page to monitor how the company leverages its industry expertise to address evolving challenges in specialty insurance distribution.
Ryan Specialty Group Holdings (NYSE: RYAN) announced it will release its fourth quarter 2021 financial results on March 15, 2022, after market close. A conference call will follow at 5:00 pm ET on the same day to discuss these results. Investors can access the live webcast on the company’s investor relations website. Founded in 2010, Ryan Specialty offers specialty insurance products and solutions, functioning as a wholesale broker and managing underwriter, aiming for innovative solutions in the insurance sector.
Ryan Specialty Group (NYSE: RYAN) announced the pricing of $400 million in 4.375% Senior Secured Notes due 2030, set at 100% of par. The offering is expected to close on February 3, 2022, pending customary conditions. Proceeds will support general corporate purposes, including acquisitions and covering offering fees. The notes will be offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. These notes are unregistered and may not be sold in the U.S. without registration or exemption.
Aspen Insurance Holdings Limited has entered a new partnership with Ryan Specialty Group, expanding its participation in Ryan's international Managing General Underwriting (MGU) portfolio. Effective January 1, 2022, Aspen will join seven additional programs, enhancing its underwriting capabilities across multiple platforms and geographies, including three in the U.S. and four in Europe. This collaboration aims to leverage Aspen's insurance, reinsurance, and capital markets expertise, ultimately providing innovative risk transfer solutions.
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.
