Ryan Specialty Completes Acquisition of Certain Assets of EverSports & Entertainment Insurance
Ryan Specialty (NYSE: RYAN) has completed the acquisition of certain assets of EverSports & Entertainment Insurance from the Everest Group. EverSports, a managing general underwriter specializing in sports, leisure, and entertainment (SLE) risks, will join Ryan Specialty's existing SLE facility, Alive Risk.
Founded in 2013 and based in Carmel, Indiana, EverSports is a leader in the SLE insurance industry with broad diversification across various sub-classes. The acquisition aims to enhance both firms' product offerings and distribution access.
Miles Wuller, President and CEO of Ryan Specialty Underwriting Managers, expressed excitement about the cultural fit and the potential to further serve trading partners. David Nikolai, President of EverSports, highlighted the opportunity to enhance their product set and amplify growth as part of Ryan Specialty's managed underwriting platform.
Ryan Specialty (NYSE: RYAN) ha completato l'acquisizione di alcuni beni di EverSports & Entertainment Insurance dal gruppo Everest. EverSports, un sottoscrittore generale di gestione specializzato in rischi sportivi, di svago e di intrattenimento (SLE), si unirà all'attuale struttura SLE di Ryan Specialty, Alive Risk.
Fondata nel 2013 e con sede a Carmel, Indiana, EverSports è un leader nel settore delle assicurazioni SLE con una vasta diversificazione tra varie sottoclassi. L'acquisizione mira a migliorare l'offerta di prodotti di entrambe le aziende e l'accesso alla distribuzione.
Miles Wuller, Presidente e CEO di Ryan Specialty Underwriting Managers, ha espresso entusiasmo riguardo alla compatibilità culturale e al potenziale per servire ulteriormente i partner commerciali. David Nikolai, Presidente di EverSports, ha sottolineato l'opportunità di migliorare il loro assortimento di prodotti e amplificare la crescita come parte della piattaforma di sottoscrittura gestita di Ryan Specialty.
Ryan Specialty (NYSE: RYAN) ha completado la adquisición de ciertos activos de EverSports & Entertainment Insurance del grupo Everest. EverSports, un suscriptor general administrador especializado en riesgos deportivos, de entretenimiento y ocio (SLE), se unirá a la actual instalación SLE de Ryan Specialty, Alive Risk.
Fundada en 2013 y con sede en Carmel, Indiana, EverSports es un líder en la industria de seguros SLE, con una amplia diversificación en varias subclases. La adquisición tiene como objetivo mejorar la oferta de productos y el acceso a la distribución de ambas empresas.
Miles Wuller, Presidente y CEO de Ryan Specialty Underwriting Managers, expresó su entusiasmo por la compatibilidad cultural y el potencial para servir mejor a los socios comerciales. David Nikolai, Presidente de EverSports, destacó la oportunidad de mejorar su conjunto de productos y amplificar el crecimiento como parte de la plataforma de suscripción gestionada de Ryan Specialty.
Ryan Specialty (NYSE: RYAN)는 EverSports & Entertainment Insurance의 일부 자산을 에베레스트 그룹으로부터 인수했습니다. EverSports는 스포츠, 여가 및 엔터테인먼트(SLE) 리스크에 특화된 관리 총괄 언더라이터로, Ryan Specialty의 기존 SLE 시설인 Alive Risk에 합류할 것입니다.
2013년에 설립되어 인디애나주 카멜에 본사를 둔 EverSports는 다양한 하위 클래스를 통해 광범위하게 다각화된 SLE 보험 산업의 선두주자입니다. 이번 인수는 양사의 제품 제공 및 유통 접근성을 향상시키는 것을 목표로 합니다.
Ryan Specialty Underwriting Managers의 회장 겸 CEO인 Miles Wuller는 문화적 적합성과 거래 파트너를 더욱 잘 지원할 수 있는 가능성에 대해 흥분을 표현했습니다. EverSports의 회장인 David Nikolai는 Ryan Specialty의 관리 언더라이터 플랫폼의 일환으로 제품 세트를 개선하고 성장을 증대할 수 있는 기회를 강조했습니다.
Ryan Specialty (NYSE: RYAN) a finalisé l'acquisition de certains actifs de EverSports & Entertainment Insurance auprès du groupe Everest. EverSports, un souscripteur général de gestion spécialisé dans les risques sportifs, de loisirs et de divertissement (SLE), rejoindra l'installation SLE existante de Ryan Specialty, Alive Risk.
Fondée en 2013 et basée à Carmel, Indiana, EverSports est un leader dans l'industrie de l'assurance SLE avec une large diversification à travers diverses sous-classes. L'acquisition vise à améliorer l'offre de produits et l'accès à la distribution des deux entreprises.
Miles Wuller, Président et CEO de Ryan Specialty Underwriting Managers, a exprimé son enthousiasme quant à la compatibilité culturelle et au potentiel de mieux servir les partenaires commerçants. David Nikolai, Président d'EverSports, a souligné l'opportunité d'améliorer leur gamme de produits et d'amplifier la croissance dans le cadre de la plateforme de souscription gérée par Ryan Specialty.
Ryan Specialty (NYSE: RYAN) hat den Erwerb bestimmter Vermögenswerte von EverSports & Entertainment Insurance der Everest Group abgeschlossen. EverSports, ein verwaltender Hauptunterzeichner, der auf Sport-, Freizeit- und Unterhaltungsrisiken (SLE) spezialisiert ist, wird sich der bestehenden SLE-Einrichtung von Ryan Specialty, Alive Risk, anschließen.
Gegründet im Jahr 2013 und mit Sitz in Carmel, Indiana, ist EverSports ein führendes Unternehmen in der SLE-Versicherungsbranche mit einer breiten Diversifizierung über verschiedene Unterklassen. Die Akquisition zielt darauf ab, das Produktangebot und den Vertriebszugang beider Firmen zu verbessern.
Miles Wuller, Präsident und CEO von Ryan Specialty Underwriting Managers, äußerte seine Begeisterung über die kulturelle Passung und das Potenzial, Handelspartner besser zu bedienen. David Nikolai, Präsident von EverSports, hob die Möglichkeit hervor, ihr Produktangebot zu erweitern und das Wachstum als Teil der verwalteten Zeichnungsplattform von Ryan Specialty zu verstärken.
- Acquisition enhances Ryan Specialty's product offerings in the SLE sector
- Expands distribution access for both Ryan Specialty and EverSports
- Strengthens Ryan Specialty's position in the SLE insurance industry
- Potential for synergies and growth through combined operations
- None.
Insights
Founded in 2013, EverSports is a leader in the SLE insurance industry with broad diversification across the various SLE sub-classes (amusement facilities, amateur sports, touring artists, etc.). The relevant business will join Alive Risk, Ryan Specialty’s existing SLE facility, enhancing both firms’ product offerings and access to distribution.
Miles Wuller, President and CEO of Ryan Specialty Underwriting Managers, remarked, “We’re very excited to welcome this team to the Ryan Specialty family. David Nikolai and the members of the EverSports team are well known and respected in the SLE sector, and we see a tremendous cultural fit with Alive Risk. We look forward to bringing these great brands and product capabilities together to further serve our trading partners.”
Commenting on the acquisition, David Nikolai, President of EverSports, said, “My teammates and I are looking forward to joining Ryan Specialty and Alive Risk. As a part of Ryan Specialty’s proven managed underwriting platform, we will be able to enhance our product set and amplify our growth. Our cultures and way of doing business align as both of our teams are dedicated to exceptional client service and profitable underwriting.”
Patrick Gavin, Managing Director of Alive Risk, welcomed the team, “We are thrilled to join forces with a talented underwriting team that shares our culture, attitude, and drive to be the best in class for our industry. Our teams coming together as one will make the SLE future very bright at Ryan Specialty.”
Terms of the transaction were not disclosed.
About Ryan Specialty
Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter with delegated authority from insurance carriers. Ryan Specialty’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. For more information, please visit ryanspecialty.com.
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