Ryan Specialty Completes Acquisition of Ethos Specialty Insurance’s P&C MGUs From Ascot Group Limited
Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, has completed the acquisition of Ethos Specialty Insurance's Property and Casualty (P&C) MGUs from Ascot Group This acquisition, initially announced on September 3, 2024, will integrate Ethos P&C, founded in 2017, into Ryan Specialty's Underwriting Managers (RSUM) division. The transaction excludes Ethos' Transactional Liability MGU, which will remain with Ascot Group. This strategic move is expected to strengthen Ryan Specialty's position in the specialty insurance market, potentially expanding its underwriting capabilities and market reach.
Ryan Specialty (NYSE: RYAN), un'importante azienda internazionale di assicurazioni specialistiche, ha completato l'acquisizione delle MGU di Property and Casualty (P&C) di Ethos Specialty Insurance dal gruppo Ascot. Questa acquisizione, annunciata inizialmente il 3 settembre 2024, integrerà Ethos P&C, fondata nel 2017, nella divisione Underwriting Managers (RSUM) di Ryan Specialty. L'operazione esclude l'MGU di Responsabilità Transazionale di Ethos, che rimarrà con il gruppo Ascot. Questa mossa strategica è destinata a rafforzare la posizione di Ryan Specialty nel mercato delle assicurazioni specialistiche, espandendo potenzialmente le sue capacità di underwriting e la sua portata di mercato.
Ryan Specialty (NYSE: RYAN), una firma internacional líder en seguros especializados, ha completado la adquisición de las MGU de Propiedad y Casualidad (P&C) de Ethos Specialty Insurance del grupo Ascot. Esta adquisición, anunciada inicialmente el 3 de septiembre de 2024, integrará Ethos P&C, fundada en 2017, en la división de Underwriting Managers (RSUM) de Ryan Specialty. La transacción excluye la MGU de Responsabilidad Transaccional de Ethos, que permanecerá con el grupo Ascot. Se espera que este movimiento estratégico refuerce la posición de Ryan Specialty en el mercado de seguros especializados, expandiendo potencialmente sus capacidades de suscripción y alcance de mercado.
라이언 스페셜티(Ryan Specialty, NYSE: RYAN)는 국제 전문 보험 회사로, 아스콧 그룹(Ascot Group)으로부터 에토스 스페셜티 인슈어런스(Ethos Specialty Insurance)의 재산 및 사고(P&C) MGU를 인수 완료했습니다. 이 인수는 2024년 9월 3일에 처음 발표되었으며, 2017년에 설립된 에토스 P&C를 라이언 스페셜티의 언더라이팅 매니저(RSUM) 부서에 통합할 것입니다. 이 거래는 에토스의 거래 책임 MGU를 제외합니다, 이 MGU는 아스콧 그룹에 남습니다. 이 전략적 움직임은 라이언 스페셜티의 전문 보험 시장에서의 입지를 강화하고, 언더라이팅 능력과 시장 범위를 확장할 것으로 예상됩니다.
Ryan Specialty (NYSE: RYAN), une entreprise internationale de premier plan dans le domaine de l'assurance spécialisée, a achevé l'acquisition des MGU de risques de biens et de responsabilité (P&C) d'Ethos Specialty Insurance auprès du groupe Ascot. Cette acquisition, initialement annoncée le 3 septembre 2024, intégrera Ethos P&C, fondée en 2017, dans la division des Underwriting Managers (RSUM) de Ryan Specialty. La transaction exclut l'MGU de Responsabilité Transactionnelle d'Ethos, qui restera avec le groupe Ascot. Ce mouvement stratégique devrait renforcer la position de Ryan Specialty sur le marché de l'assurance spécialisée, en élargissant potentiellement ses capacités de souscription et sa portée sur le marché.
Ryan Specialty (NYSE: RYAN), ein führendes internationales Unternehmen für Spezialversicherungen, hat die Übernahme der MGU für Sach- und Unfallversicherung (P&C) von Ethos Specialty Insurance von der Ascot Group abgeschlossen. Diese Übernahme, die ursprünglich am 3. September 2024 angekündigt wurde, wird die 2017 gegründete Ethos P&C in die Underwriting Managers (RSUM) Abteilung von Ryan Specialty integrieren. Die Transaktion schließt die Transaktionshaftpflicht-MGU von Ethos aus, die bei der Ascot Group bleiben wird. Dieser strategische Schritt wird erwartet, um die Position von Ryan Specialty im Spezialversicherungsmarkt zu stärken und potenziell die Underwriting-Fähigkeiten und die Marktpräsenz zu erweitern.
- Acquisition of Ethos P&C MGUs expands Ryan Specialty's underwriting capabilities
- Integration into RSUM division may enhance operational synergies
- Strategic move potentially strengthens market position in specialty insurance
- None.
Insights
The acquisition of Ethos P&C MGUs by Ryan Specialty (NYSE: RYAN) is a strategic move that could strengthen RYAN's market position in specialty insurance. This expansion of their underwriting capabilities may lead to increased revenue streams and potentially higher profit margins. However, the financial terms of the deal are not disclosed, making it challenging to assess the immediate impact on RYAN's balance sheet.
Investors should monitor how efficiently Ryan Specialty integrates Ethos P&C into its RSUM division. Successful integration could lead to synergies and cost efficiencies, potentially boosting RYAN's overall performance. The exclusion of Ethos' Transactional Liability MGU from the deal suggests a focused approach on specific P&C segments, which could indicate a well-thought-out growth strategy.
This acquisition solidifies Ryan Specialty's position in the Property and Casualty (P&C) sector, potentially expanding their product offerings and underwriting capacity. By absorbing Ethos P&C, founded in 2017, RYAN gains access to a relatively young and possibly innovative portfolio of MGUs, which could bring fresh perspectives to their existing operations.
The move aligns with the broader trend of consolidation in the specialty insurance market, as firms seek to achieve scale and diversify their risk portfolios. For Ryan Specialty, this acquisition may enhance their ability to navigate market cycles and capitalize on niche opportunities within the P&C space. However, the success of this strategy will depend on how well they can leverage Ethos P&C's expertise and client relationships while maintaining underwriting discipline.
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. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. Learn more at ryanspecialty.com.
About Ascot Group
Ascot Group is a global specialty insurance and reinsurance group with a record of underwriting excellence and superior claims service. Founded in 2001, Ascot provides a broad range of customized property and casualty products to customers worldwide through its Lloyd’s,
Ascot Group is owned by Canada Pension Plan Investment Board (CPP Investments), a global investment management organization that manages the assets of the Canada Pension Plan (CPP) in the best interest of the more than 22 million contributors and beneficiaries of the CPP. CPP Investments is the largest pension plan fund in
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Ryan Specialty Contact:
Media
Alice Phillips Topping
Chief Marketing & Communications Officer
Ryan Specialty
Alice.Topping@ryanspecialty.com
+1 312-635-5976
Investor Relations
Nicholas Mezick
Director, Investor Relations
Ryan Specialty
IR@ryanspecialty.com
+1 312-784-6152
Ascot Group Contact:
Media
Kristina Corso, Prosek Partners
pro-ascot@prosek.com
+1 908-278-6225
Source: Ryan Specialty
FAQ
What did Ryan Specialty (RYAN) acquire from Ascot Group ?
When was the acquisition of Ethos P&C by Ryan Specialty (RYAN) completed?
Which division of Ryan Specialty (RYAN) will Ethos P&C be integrated into?
Was Ethos' Transactional Liability MGU included in Ryan Specialty's (RYAN) acquisition?
