Ryan Specialty Completes Acquisition of Innovisk Capital Partners

Rhea-AI Summary

Ryan Specialty (NYSE: RYAN) has successfully completed its previously announced acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Innovisk will be integrated into Ryan Specialty Underwriting Managers (RSUM), which represents the underwriting management segment of Ryan Specialty. The acquisition, which was initially announced on October 30, 2024, strengthens Ryan Specialty's position in the international specialty insurance services sector.

Positive

• Strategic expansion of underwriting management segment through acquisition
• Strengthening market position in specialty insurance services

Negative

• None.

Insights

Financial Analyst

The acquisition of Innovisk Capital Partners marks a strategic expansion of Ryan Specialty's underwriting management capabilities. While financial terms weren't disclosed, this deal strengthens RSUM's market position in specialty insurance and should enhance Ryan Specialty's revenue streams. The timing aligns with broader industry consolidation trends in specialty insurance, where scale and diversification are increasingly critical for competitive advantage. Key benefits include:

• Enhanced underwriting capabilities in specialty markets
• Potential revenue synergies through cross-selling opportunities
• Improved market positioning against larger competitors

The deal's completion without reported complications suggests smooth integration prospects, though investors should monitor upcoming quarters for integration costs and revenue contribution metrics.

CHICAGO--(BUSINESS WIRE)-- Ryan Specialty (NYSE: RYAN), a leading international specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners (“Innovisk”) from Abry Partners (“Abry”) and BHMS Investments, LP (“BHMS”). Innovisk is a part of Ryan Specialty Underwriting Managers (“RSUM”), the underwriting management segment within Ryan Specialty. The acquisition was previously announced on October 30, 2024 and can be found here.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241104061961/en/

Media

Alice Phillips Topping

Chief Marketing & Communications Officer

Ryan Specialty

Alice.Topping@ryanspecialty.com

(312) 635-5976

Investor Relations

Nicholas Mezick

Director, Investor Relations

Ryan Specialty

IR@ryanspecialty.com

(312) 784-6152

Source: Ryan Specialty

FAQ

When did Ryan Specialty (RYAN) complete the Innovisk Capital Partners acquisition?

Ryan Specialty completed the acquisition of Innovisk Capital Partners following the announcement made on October 30, 2024.

Who were the sellers of Innovisk Capital Partners to Ryan Specialty (RYAN)?

Innovisk Capital Partners was acquired from Abry Partners and BHMS Investments, LP.

Which division of Ryan Specialty (RYAN) will integrate Innovisk Capital Partners?

Innovisk Capital Partners will be integrated into Ryan Specialty Underwriting Managers (RSUM), the underwriting management segment of Ryan Specialty.