Ryan Specialty Completes Acquisition of Velocity Risk Underwriters
Ryan Specialty (NYSE: RYAN) has completed its previously announced acquisition of Velocity Risk Underwriters, , a Nashville-based managing general underwriter (MGU) specializing in first-party insurance coverage for catastrophe exposed properties. The acquisition, which was initially announced on January 7, 2025, involves purchasing Velocity from funds managed by Oaktree Capital Management, L.P. Velocity will be integrated into the Ryan Specialty Underwriting Managers division.
Ryan Specialty (NYSE: RYAN) ha completato l'acquisizione precedentemente annunciata di Velocity Risk Underwriters, un gestore generale di assicurazioni (MGU) con sede a Nashville, specializzato nella copertura assicurativa di prima parte per proprietà esposte a catastrofi. L'acquisizione, inizialmente annunciata il 7 gennaio 2025, comporta l'acquisto di Velocity da fondi gestiti da Oaktree Capital Management, L.P. Velocity sarà integrata nella divisione Ryan Specialty Underwriting Managers.
Ryan Specialty (NYSE: RYAN) ha completado su adquisición previamente anunciada de Velocity Risk Underwriters, un suscriptor general manager (MGU) con sede en Nashville, especializado en cobertura de seguros de primera parte para propiedades expuestas a catástrofes. La adquisición, que se anunció inicialmente el 7 de enero de 2025, implica la compra de Velocity de fondos administrados por Oaktree Capital Management, L.P. Velocity se integrará en la división de Ryan Specialty Underwriting Managers.
Ryan Specialty (NYSE: RYAN)는 재난에 노출된 자산에 대한 1차 보험 보장을 전문으로 하는 내슈빌 기반의 총괄 관리 보험사(MGU)인 Velocity Risk Underwriters의 인수를 완료했습니다. 이 인수는 2025년 1월 7일에 처음 발표되었으며, Oaktree Capital Management, L.P.가 관리하는 펀드에서 Velocity를 구입하는 것입니다. Velocity는 Ryan Specialty Underwriting Managers 부문에 통합될 예정입니다.
Ryan Specialty (NYSE: RYAN) a finalisé son acquisition précédemment annoncée de Velocity Risk Underwriters, un souscripteur général basé à Nashville, spécialisé dans la couverture d'assurance de première partie pour les propriétés exposées aux catastrophes. L'acquisition, annoncée initialement le 7 janvier 2025, consiste à acheter Velocity auprès de fonds gérés par Oaktree Capital Management, L.P. Velocity sera intégré dans la division Ryan Specialty Underwriting Managers.
Ryan Specialty (NYSE: RYAN) hat die zuvor angekündigte Übernahme von Velocity Risk Underwriters abgeschlossen, einem in Nashville ansässigen Generalagenten (MGU), der sich auf Erste-Party-Versicherungsschutz für katastrophenexponierte Immobilien spezialisiert hat. Die Übernahme, die ursprünglich am 7. Januar 2025 angekündigt wurde, umfasst den Kauf von Velocity durch von Oaktree Capital Management, L.P. verwaltete Fonds. Velocity wird in die Abteilung Ryan Specialty Underwriting Managers integriert.
- Strategic expansion into catastrophe insurance market
- Addition of specialized MGU capabilities for property coverage
- Geographic expansion with Nashville operations
- None.
Insights
The completion of Velocity Risk Underwriters' acquisition marks a significant strategic expansion for Ryan Specialty in the catastrophe property insurance sector. This move is particularly timely given the current hardening market conditions in property insurance, where carriers are seeking specialized underwriting expertise for catastrophe-exposed risks.
Velocity's integration into Ryan Specialty's Underwriting Managers division creates immediate strategic advantages. The Nashville-based MGU brings specialized capabilities in first-party property coverage, which is important as climate-related risks continue to reshape the insurance landscape. This acquisition positions Ryan Specialty to capitalize on the growing demand for specialized catastrophe coverage, particularly in high-risk regions.
The transaction's completion, following its January announcement, demonstrates efficient execution and suggests strong alignment between both organizations. The backing by Oaktree Capital Management, a respected investment firm, indicates Velocity's robust operational foundation and market position. This acquisition strengthens Ryan Specialty's competitive position in the specialty insurance market, where scale and specialized expertise are increasingly critical for success.
From a market perspective, this consolidation reflects the broader trend of strategic M&A activity in the specialty insurance sector, where firms are seeking to build comprehensive platforms that can address complex risk challenges. The addition of Velocity's underwriting capabilities should enhance Ryan Specialty's ability to serve clients in catastrophe-prone areas, potentially leading to increased premium volume and market share.
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.
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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
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